Foresight Autonomous Holdings Ltd. its entry into the growing South Korean automotive market by signing a memorandum of understanding (MOU) for cooperation with KONEC Co. Ltd. The two companies signed the MOU in order to collaborate on developing advanced driver assistance systems (ADAS) and autonomous driving solutions, expanding KONEC's product offering to global customers including Hyundai, Tesla and Magna. The collaboration was facilitated by KIM Venturous.

Additionally, Foresight showcased its 3D perception solutions at NextRise 2023, Seoul, the largest startup fair in South Korea. Foresight was part of the Israel-South Korea delegation, led by the Israeli Minister of Foreign Affairs and the South Korean Minister of Trade, Industry and Energy, respectively. The Company's cutting-edge solutions generated great interest from South Korean companies who were part of the delegation.