Korea Venture Capital Association General Meeting Conducted via Written Consent
Jung Seong-bae IMM Investment CEO Collaborates Closely with Association
Lee Jun-hee, former Director of Planning and Coordination Office at the Ministry of SMEs and Startups
[Asia Economy Reporter Kwangho Lee] Former Planning and Coordination Officer of the Ministry of SMEs and Startups, Lee Junhee, will take on the role of the new full-time Vice Chairman of the Korea Venture Capital Association. Following the current full-time Vice Chairman Kim Hyungyoung, another official at the director-general level from the Ministry of SMEs and Startups has been appointed. Attention is focused on his future activities.
According to the venture capital industry on the 12th, former Officer Lee has been nominated as the full-time Vice Chairman of the Venture Capital Association. The final appointment is expected to be confirmed after obtaining consent through a written general meeting currently underway. Since he has the trust of the board, it is anticipated that he will meet the written general meeting approval rate and be appointed as full-time Vice Chairman. Once confirmed, former Officer Lee will officially begin his duties on September 2.
Former Officer Lee is from Jeollabuk-do, graduated from Seoul National University with a degree in Business Administration, and earned a master's degree in Economics from California State University, USA. He entered public service by passing the 38th Administrative Examination and has continuously worked at the Small and Medium Business Administration and the Ministry of SMEs and Startups. During his career, he held key positions overseeing startup, venture, and SME policies, including Head of the Startup Promotion Division at the Small and Medium Business Administration, Head of the Venture Policy Division, Head of the Policy Coordination Division, and Administrative Officer at the Presidential Secretariat.
He gained particular attention in 2019 when he was appointed as a first-grade director at the Ministry of SMEs and Startups in his 40s, marking the first case of a 40-something executive rising to a director-level position at the ministry.
He is regarded as a ‘policy expert’ due to his extensive experience in policy planning and excellent external coordination skills. He boasts a wealth of policy planning experience accumulated over a long period at the Ministry of SMEs and Startups and outstanding external coordination abilities. For these reasons, he was considered for the full-time Vice Chairman position at the Venture Capital Association and was ultimately confirmed.
The term for the full-time Vice Chairman is up to three years (2+1). Unless there are unexpected changes, former Officer Lee will manage the Venture Capital Association’s external activities and practical affairs for three years. However, the current full-time Vice Chairman Kim, who previously served as Director of the Small Business Policy Office at the Ministry of SMEs and Startups, is leaving after serving only two years. At present, it is highly likely that he will move to the Inno-Biz Association (Korea Association of Technology Innovation for SMEs).
An industry insider said, “Although some personnel procedures remain, it is virtually confirmed,” adding, “Since he has worked at the Ministry of SMEs and Startups for a long time, he is expected to perform well in tasks related to the Venture Capital Association.”
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