The Korea Venture Capital Association (KVC Association) stated on the 2nd, “We welcome the government’s announced ‘Advanced Venture Investment Market Leap Plan’.”
On the same day, the Ministry of SMEs and Startups presented at the Economic Ministers’ Meeting a goal to achieve a domestic venture investment scale of 16 trillion won and attract 1 trillion won in global investment by 2027. To this end, it announced four major strategies: ▲ globalization of the venture investment market ▲ expansion of domestic investors ▲ balanced growth of the venture investment market ▲ creation of a global-level investment environment.
The KVC Association said, “The expansion of domestic venture investment market participants, activation of the secondary recovery market, and deregulation of venture investment announced today are issues that the VC industry has continuously proposed,” adding, “The industry also actively welcomes the forward-looking policy direction and concrete implementation plans for revitalizing venture investment.”
The government has also begun discussions on creating a win-win cooperation mother fund and allowing retirement pensions to participate in venture investment, marking the start of full-scale efforts to discover new venture investment resources. The KVC Association described this as “a timely measure reflecting voices from the field,” and expressed expectations that “the inflow of large-scale private capital will serve as a catalyst to propel promising domestic startups into global unicorn companies.”
Regarding the relaxation of venture investment regulations to global standard levels and the improvement of the management fee system for sub-funds of the mother fund, the association said, “This is a measure to not only expand the autonomy of VCs but also to fully utilize their expertise,” and added, “Venture investment funds will be supplied to startups more stably.”
Yoon Geon-su, chairman of the KVC Association, said, “Investment is psychology. Through this policy announcement, I hope venture investment sentiment recovers and a venture investment ecosystem led by the private sector is realized,” and added, “We will continue to work on the ground so that private capital can synergize with government policies and bear fruit in investment revitalization.”
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