Korea VC Training Institute and Jungjin Gong "Business Agreement to Strengthen Venture Investment Attraction Capabilities"

Photo of the business agreement ceremony [Photo by Korea VC Association]

The Korea Venture Capital Association (KVCA) and the Small and Medium Business Corporation (SBC) have signed a business agreement to help promising small and medium-sized venture companies facing funding challenges enhance their knowledge of venture capital (VC) and strengthen their investment attraction capabilities.

On the 3rd, the two organizations announced, "To contribute to improving the competitiveness of small and medium-sized venture companies and revitalizing the venture investment ecosystem, on the 29th of last month, officials including Cho Han-gyo, Director of Human Resources Development at SBC, and Lee Jun-hee, Executive Vice President and Training Center Director of KVCA, attended and signed the business agreement."

This business agreement was established to provide an in-depth understanding of VC to promising small and medium-sized venture companies with excellent technological capabilities but facing funding difficulties, and to maximize the possibility of successful investment attraction. The cooperation plans include ▲supporting education to strengthen the investment attraction capabilities of small and medium-sized venture companies ▲sharing educational content for nurturing venture investment professionals ▲exchanging information to activate investment attraction of small and medium-sized venture companies ▲mutually granting preferential benefits to participating companies in training projects of both organizations.

The Korea Venture Capital Association, founded in 1989 as a corporation, carries out tasks such as policy proposals and research surveys for the advancement of the domestic VC industry and operates the Korea VC Training Center, a specialized educational institution for venture investment professionals. The training center offers about 40 diverse courses annually to provide broad knowledge of venture investment and the startup ecosystem along with practical skills enhancement.

The Small and Medium Business Corporation, a quasi-governmental organization under the Ministry of SMEs and Startups supporting policy fund loans, investments, human resource development, and export support for small and medium-sized venture companies, has produced approximately 1.71 million trainees over 42 years since its establishment in 1982 at six training centers nationwide, including the Small and Medium Business Training Center.

Lee Jun-hee, Director of the Training Center, said, "The business agreement between these two specialized institutions, which have long worked to strengthen venture investment and SME capabilities, will be a solid opportunity to foster the sustainable growth of the venture ecosystem." He added, "We will continue to integrate the know-how of the association’s training center to specialize and support venture investment professional education for small and medium-sized venture companies so that they can find breakthroughs in the challenging investment market and achieve sustainable growth."