Fund of Funds

Foreign VC Investment Fund

Business Overview

Business Overview

Background of the Establishment

  • It was established to support entry of Korean startups and SMEs into the overseas market, and to promote the advancement of the venture capital ecosystem in accordance with “Ways to Promote the Virtuous Cycle of the Venture Foundation Fund Ecosystem” (announced in May 2013)
  • Top-tier investment firms or Korean venture capitalists in the United States, etc., can get invested from the Korea Fund of Funds under the same conditions as that of domestic VCs.
    - Creating fund investing in domestic startups and subsequently supporting the overseas entry of domestic SMEs and local foundation in a foreign country

    "Ways to Promote the Advancement of the Venture Foundation Fund Ecosystem"

Foreign VC Investment Fund Overview

(as of the end of December 2018)

Foreign VC Investment Fund Foreign VC Investment Fund II
Formed in October 4th, 2013 July 15th, 2016
Fund Size KRW135.4 billion KRW170.7 billion
No. of Partnership Funds 11 9
Size of Partnership Funds KRW 857.0 billion KRW 998.3 billion
Fund Duration 10 years(2013.10~2023.10) 19 years(2016.7~2035.7)

Investment Target

Offshore funds managed by overseas VCs meeting the following basic requirements :

  • 1

    Fund should invest in Korean startups and
    SMEs to a certain degree

  • 2

    Overseas investors should participate
    in the fund as LPs

  • 3

    Retaining core personnel who are deemed
    capable of efficiently supporting domestic startups and SMEs