I wanna tell about startups' overseas expansion. Actually, i am feeling that domestic startups's expansion overseas is really hard. Some startups have been expanding overseas. To do it is to make profit through the establishment of overseas corporation. However, startups in our country are not doing so, actually. Our NCF is a global accelerator. Lately, I took a business trip to Thailand, Vietnam, Singapore and Indonesia. Since last year, we've made ' joint ventures' with startups. I came to know exactly how to establish local corporations. The point is that, first, local partners are very important. They have to be sincere and trustful. In addition, they have to be linked with mainstream network. Second, you have to understand local markets! Third, business is about' timing'! Especially, startups' overseas expansion depends heavily on each country's different environment. In conclusion, due to corona, domestic startups are having a hard time expanding overseas. Furthermore, concerning establishing corporations in local market and make profit there, domestic startups have yet to know a lot!! Eventually, to deal with this, you have to meet good accelarators in our country.