Reflecting On-Site Suggestions and Survey Results in the Process
Korea Venture Investment announced on the 10th that it will operate the ‘Visiting Mother Fund’ program.
The ‘Visiting Mother Fund’ was established to listen to on-site opinions through one-on-one communication with venture capital (VC) representatives, regarding the current status of the venture investment industry and policy suggestions desired for the Mother Fund.
Woo-ung Hwan, CEO of Korea Venture Investment, is visiting fund managers selected in the first and second regular investment projects of the Mother Fund this year. It is known that this is the first time since the establishment of Korea Venture Investment that the CEO personally visited individual fund managers (GPs) to listen to their difficulties.
On site, voices are continuing that emphasize the importance of the Mother Fund’s role in recovering frozen investment sentiment amid the contraction of the venture investment market due to global tightening and the three highs (interest rates, exchange rates, and prices) economic conditions.
Korea Venture Investment plans to reflect the on-site suggestions heard through the ‘Visiting Mother Fund’ program and the results of online survey reviews in the overall Mother Fund operation process going forward.
CEO Woo is focusing on advancing the operation of the Mother Fund with goals to establish digital transformation (DX) of the Mother Fund during his term, globalization of the venture investment ecosystem, expansion of ESG (environment, social, governance) venture investment, and revitalization of private mother funds.
CEO Woo explained, “By establishing a feedback process that timely reflects voices from the field into venture investment operations, we will strive to create a sustainable venture ecosystem.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
