[Click eStock] "Mirae Asset Venture Investment Expected to Benefit from National Growth Fund"

The launch of the National Growth Fund is expected to serve as a momentum driver for Mirae Asset Venture Investment, leading to fundamental improvements and a rise in its stock price, according to analysts.

On December 16, Han Jeyoon, a researcher at Leading Investment & Securities, stated, "The key indicator explaining the stock price of venture capital (VC) companies is the 'amount of venture investment formation.' Given that the current administration is actively promoting venture investment, the core indicator for Mirae Asset Venture Investment is likely to remain positive for the time being." He explained that an increase in managed funds leads to higher management profits, which translates into fundamental improvements and, consequently, a rise in VC stock prices.

The National Growth Fund, which is expected to be established with a total size of 150 trillion won, will be divided into four main categories: direct investment, indirect investment, infrastructure investment, and ultra-low interest loans. Among these, indirect investment will involve injecting capital into domestic funds (such as VC and PE funds), which will then channel funds to venture, small, and mid-sized companies.

Han noted, "This indirect investment, estimated at around 35 trillion won, could significantly increase the 'new venture investment formation amount' over the next several years. This will be a key momentum for Mirae Asset Venture Investment's fundamental improvement and stock price growth."

As of the end of last year, Mirae Asset Venture Investment's assets under management (AUM) stood at approximately 1.7 trillion won. By the end of the year, the company is preparing for exits from several previously invested companies, including SafeFive, Moloco, Rebellion, and SpaceX.