VC firm a16z opens Seoul office to focus on crypto

Venture capital firm a16z Crypto has officially opened its first office in Asia in Seoul, Chosun Biz reported. The move comes approximately six months after the firm announced its expansion plans for the region last December. The South Korean office will initially concentrate on the cryptocurrency sector before gradually broadening its scope of activities. Park Sung-mo, who was appointed Head of Go-To-Market (GTM) for the Asia-Pacific region at a16z Crypto at the time of the announcement, will be based at the new Seoul location.