Minister Oh Young-joo "Strengthening the Role as a Catalyst for Venture Investment"... Full Support for Venture Fund Capital Raising Efforts

Venture Investment Industry Meeting Held on the 22nd
1.5 Trillion Won Invested in Global Fund...Largest Ever Scale

Oh Young-joo, Minister of SMEs and Startups, expressed her determination to fully support the fundraising efforts for venture funds this year.

Oh Young-joo, Minister of SMEs and Startups, attended the 'First Dual Voting Rights Company On-site Meeting' held on the 21st at the headquarters of Colosseum Corporation in Gangnam-gu, Seoul, where she exchanged opinions with Park Jin-su, CEO of Colosseum Corporation, and other executives and employees. Photo by Kang Jin-hyung aymsdream@

On the afternoon of the 22nd, at the 'Venture Investment Industry Meeting' held at Korea Venture Investment in Seocho, Seoul, Minister Oh stated, “We will promptly supply the 1.6 trillion KRW scale mother fund investment project within the first quarter to strengthen the government's role as a catalyst, while creating an ecosystem that allows more private capital to flow into the venture investment market.”

She continued, “By enhancing strategic focus in the mother fund sectors, we will invest a record-high 150 billion KRW in global funds, forming a total of 1 trillion KRW, actively supporting startups' global expansion. Additionally, we will alleviate investment imbalances outside the metropolitan area by investing 100 billion KRW in region-specific venture funds,” she explained.

Minister Oh also emphasized, “We plan to support large corporations, mid-sized companies, and financial institutions to take a more proactive approach to venture investment through deregulation of Corporate Venture Capital (CVC), allowing the Win-Win Cooperation Fund to invest in venture funds, and the establishment of the Startup Korea Fund.”

She added, “To foster an environment where more economic actors can participate in venture investment, we will also work to change the social perception of venture investment. While venture investment is generally seen as high-risk, the mother fund has achieved an outstanding average annual return of 7.5%, with 70% of all liquidated funds generating profits without losses.”

The meeting was attended by representatives from domestic venture investment-related associations and organizations such as the Korea Venture Capital Association and Korea Venture Investment, mother fund dedicated institutions, venture capital (VC) representatives by investment scale, CVCs, and the president of the Korea Accelerator Association.

Attendees discussed support for VC overseas expansion, including recognition of primary investment for overseas company investments by domestic VCs, expansion of mother fund support for convergence content companies, raising and expanding support for mother fund management fees, and also requested expanded support for mother funds targeting startup planners.