A veteran VC personally steps in to build channels. The Korean market is now truly a place where every force must fight for control, and the question is who will be the first to secure this passage ticket.

According to Korean media Chosun Biz, the American venture capital firm Andreessen Horowitz (a16z), which manages approximately $100 billion in assets, announced the official opening of its Seoul office to support its portfolio companies in entering the Korean and Asian markets. The Seoul office will initially focus on the cryptocurrency sector and gradually expand its business scope later.