Kyoyukwon Gongjehoe Selects Total 10 VC Blind Fund Management Companies

[Asia Economy Reporter Park Jihwan] The-K Korea Teachers' Credit Union announced on the 30th that it has finalized the selection of 10 domestic venture capital (VC) blind fund management companies this year and decided to invest a total of 150 billion KRW.

The Credit Union selected a total of 10 management companies consisting of 3 large firms, 4 medium-sized firms, and 3 rookie firms, with investment amounts of 25 billion KRW each for the large league, 15 billion KRW each for the medium league, and 5 billion KRW each for the rookie league, totaling 150 billion KRW.

In the large category, △Atinum Investment △LB Investment △KTB Network were selected; in the medium category, △Linderman Asia Investment △SoftBank Ventures △TS Investment △Premier Partners; and in the rookie category, △AVentures △We Ventures △P&P Investment were each finally selected.

The Credit Union finalized the selection of 10 management companies out of 29 applicants after proposal verification, on-site inspections, and qualitative evaluations following the announcement in September.

Kim Ho-hyun, Chief Investment Officer (CIO) of the Credit Union's fund management, said, "We aim to promote market revitalization by selecting excellent management companies across different VC management scales and providing diverse opportunities to the management companies," adding, "We will continue to strengthen the venture ecosystem through ongoing VC investments."

This content was produced with the assistance of AI translation services.