Announcement of Support Plan for 'VC Venture Fund Special Guarantee' to Support Venture Capital
Support for Venture Fund Formation... Expectation for Revitalization of Venture Investment
[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Kim Jong-ho, hereinafter referred to as Kibo) announced that starting from the 4th, it will recruit venture capitalists (VCs) eligible for the 'VC Venture Fund Special Guarantee' to support the formation of venture funds.
The VC Venture Fund Special Guarantee is a follow-up measure to the 'Technology-based Venture and Startup Complex Financial Support Plan' promoted by the Ministry of SMEs and Startups. This system was newly established to support rapid fund decisions by venture capitalists to promote venture investments necessary for the growth of technology-based ventures and startups. After a pilot project in 2021, it will be conducted as a regular project from this year.
The special guarantee targets venture capital firms selected as operators for the Korea Fund of Funds investment project and limited liability company (LLC)-type venture capitalists. Kibo will focus on investment status, investment capability, and contribution to the activation of the venture investment market, providing guarantees up to 5 billion KRW. Venture capitalists will use loans obtained from banks as venture fund contributions and invest in venture companies to support innovative growth.
To facilitate smooth investment fund procurement for venture capitalists, Kibo will apply preferential measures such as ▲increasing the guarantee ratio (from 85% to 100%) ▲applying a fixed guarantee fee rate of 1.0% (0.2 percentage points lower than the average guarantee fee rate of 1.2%) ▲providing guarantee support up to 80% of the planned contribution amount by the operator within 3 billion KRW per fund. Additionally, the review period will be shortened by two weeks compared to the pilot implementation to provide funds promptly.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- Woman Experiences Eye Protrusion After 20 Years of Contraceptive Injections, Plans Lawsuit Against Major Pharmaceutical Company
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Kim Young-gap, Standing Director of Kibo, said, "Through the VC Venture Fund Special Guarantee, we hope Kibo can contribute to spreading the enthusiasm of the second venture boom by promoting venture capital investments and solidifying the foundation of the venture ecosystem."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
