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"
(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) |
Offshore funds managed by overseas VCs meeting the following basic requirements :
Fund should invest in Korean startups and
SMEs to a certain degree
Overseas investors should participate
in the fund as LPs
Retaining core personnel who are deemed
capable of efficiently supporting domestic startups and SMEs