Jay Eum leaves Samsung Ventures to form his own fund

Jay Eum, the head of the U.S. office of Samsung Ventures, the venture arm of the Korean company Samsung, is leaving to form his own venture capital firm.

A source informed VentureBeat last week of the news, but it was confirmed yesterday when Eum sent out a note to contacts, saying this was his last week, and that he and a couple of partners will start an “early expansion stage venture fund focused on connecting US start-ups in the mobile, communications and digital media sectors to their early adopter customers in Japan, Korea and Taiwan.”

His new firm will be based in Palo Alto.