First-generation domestic VC KTB Network pursues IPO... aiming for KOSDAQ listing within the year

40 Years of Operation... Growing into a Major VC with 1.1645 Trillion KRW in Assets Under Management
Achieved Record High Profit Last Year... Operating Profit Up 181.4% YoY to 44.6 Billion KRW

[Asia Economy Reporter Minwoo Lee] KTB Network, a first-generation venture capital (VC) firm in Korea, is planning to list on the KOSDAQ within this year.

KTB Network, a 100% subsidiary of KTB Investment & Securities, announced on the 16th that its board of directors resolved to pursue an initial public offering (IPO). After applying for a designated auditor, the company will immediately proceed with the listing process aiming for a KOSDAQ listing within the year.

KTB Network is recognized as a first-generation venture capital firm in Korea, managing assets worth 1.1645 trillion KRW. It is regarded as one of the top firms in the industry.

Last year, it recorded its highest-ever performance, with an operating profit of 44.6 billion KRW and a net profit of 35.8 billion KRW, representing increases of 181.4% and 136.4% compared to the previous year. The company proactively invested in domestic unicorns (unlisted startups valued at over 1 trillion KRW), and many of its portfolio companies successfully went public, significantly improving its performance.

Its expertise and stability, built on 40 years of experience, are considered its strengths. Most of its management team members have over 10 years of experience as VC investment officers. To date, it has successfully liquidated more than 50 funds and has about 300 successful IPO cases of domestic and international companies. Representative investment cases include Viva Republica, the operator of Toss, and Woowa Brothers, the operator of Baedal Minjok. Additionally, the recent listings of previously invested overseas companies Berkeley Lights and Xiaopeng on the U.S. stock market also underpin its solid performance.

Active overseas investments are ongoing in the U.S., China, and other locations. Approximately 30% of the total investment capital is allocated overseas, and it currently manages overseas funds exceeding 300 million USD (about 329.6 billion KRW). To diversify investment regions, it is also focusing on promising companies in emerging growth countries such as Southeast Asia and India.

A KTB Network official stated, "The funds secured through the IPO will be actively used to discover and invest in unicorn companies," adding, "We will fulfill the fundamental role of venture capital by providing optimal investment services for fostering the venture industry, including nurturing new businesses and creating jobs."

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