San Un: "Domestic Venture Ecosystem Improved Fourfold Compared to 2008"

[Asia Economy Reporter Jin-ho Kim] The domestic venture ecosystem has been rapidly growing.

The Korea Development Bank (KDB) announced on the 7th that the KDB Venture Index for the second quarter reached 397.3, an increase of about 50% compared to the same quarter last year (266.5). This represents an improvement of approximately 3.9 times compared to the base year of the domestic venture ecosystem, 2008 (index = 100).

The KDB Venture Index was developed by the Korea Development Bank in 2018 to comprehensively monitor the status of the domestic venture ecosystem. It is calculated by considering essential factors for the growth of venture companies, including ▲sufficient investment resources ▲active new investments ▲stable exit conditions.

According to the KDB Venture Index, the domestic venture ecosystem has shown a clear growth trend since hitting a low point in 2013. Thanks to the current government's innovation-driven growth policies, it has recently been revitalized at a rapid pace.

Looking at the detailed indices, the investment resource index increased the most, reaching 575.1, about 5.8 times higher than the base year 2008. Next, the investment performance index rose to 417.6, about 4.2 times higher than in 2008.

In the first half of this year, supported by the government's policies to expand support and foster the venture industry, the largest-ever venture fund formation and venture investment performance were recorded for the first half of the year.

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