Venture Capital Association Actively Supports Overcoming 'COVID-19' Crisis

Donation of a Total of 200 Million KRW to the Daegu·Gyeongbuk Branch of the Korean Red Cross

[Asia Economy Reporter Kim Cheol-hyun] The Korea Venture Capital Association (hereinafter referred to as the Association, President Jeong Seong-in) announced on the 9th that it will donate a total of 200 million KRW to the Daegu and Gyeongbuk branches of the Korean Red Cross to support overcoming the economic crisis in the Daegu and Gyeongbuk regions caused by the novel coronavirus infection (COVID-19).

The donation, prepared jointly by the Association and its member companies, will be used to support quarantine personnel and vulnerable groups in the Daegu and Gyeongbuk areas, where COVID-19 damage is particularly severe. President Jeong Seong-in stated, "The venture investment industry will also respond to damages such as sluggish economic activities and investment contraction in the region due to the national disaster situation and share the suffering of the people," adding, "As social ventures and impact investments that pursue both social value and economic profit are recently emphasized, the Association will continue to communicate with the local community."