The Israeli auto market is dominated by the South Korean brands: Hyundai Motors, which owns the Hyundai brands and Kia Motors. A number of vehicle buyers in Israel ultimately choose Hyundai and Kia private cars, resulting in first place and second place respectively.
KSP(KOISRA Seed Partners)'s Managing Partners, David Park and Eyal Mamou had an interview with Joong Ang Daily. In the interview, Park and Mamou were emphasizing the importance of Israeli startup eco-system for Korean startups.
Israel Aerospace Industries Ltd.(IAI) bids for the sale of refueling aircraft for the South Korean air force. Two major aerospace companies, Boeing and Airbus, also filed an official bid in the giant tender which is worth an estimated $1.4 billion.
The first meeting of its kind between 8 startups who flew 5,000 miles from South-Korea to Israel and 8 Israeli startups based on Tel Aviv, was held in Samurai House in Rothschild street in Tel Aviv, Israel on 3 Sep 2015.