New CEO of Korea Venture Investment Likely to Be KAIST Professor Kim Young-tae

[Asia Economy Reporter Kwangho Lee] Professor Kim Young-tae of the Korea Advanced Institute of Science and Technology (KAIST) is expected to be appointed as the new CEO of Korea Venture Investment Corp.

According to industry sources on the 19th, the executive nomination committee of Korea Venture Investment is strongly considering Professor Kim as the new CEO. If approved at the extraordinary general meeting of shareholders, he will begin his duties next month. He will be responsible for revitalizing the startup ecosystem by expanding venture fund formation through the operation of the Korea Fund of Funds and promoting investment in early-stage companies. The term of office is three years.

Professor Kim graduated from Seoul National University with a degree in International Economics and passed the 40th Administrative Examination in the Finance and Economy sector. He began his public service career at the Small and Medium Business Administration's Startup Support Division. After briefly moving to Kyobo Securities' Investment Banking (IB) division, he returned to the Small and Medium Business Administration, serving as head of the Venture Investment Division, Overseas Market Division, and International Cooperation Division. He also served as Industry Attach? at the Korean Embassy in Israel, Administrative Officer at the Presidential Secretariat's Small and Medium Business Office, and Director at the Ministry of SMEs and Startups before joining KAIST's Graduate School of Technology Management as an invited professor.

He is particularly known for contributing to the establishment of the Korea Fund of Funds during its inception in 2005 while working in the Startup Support Division. Recently, he has been teaching courses such as "Understanding Venture Financial Markets and Legislation" and "Corporate Valuation and Venture Investment Practices" at the university. He is recognized as one of the few domestic venture policy experts with extensive experience across government, industry, and academia.

A VC industry insider said, "Many view him as the right person to lead Korea Venture Investment and the Korea Fund of Funds based on his broad practical experience in venture investment," adding, "Although these are challenging times, we expect him to perform well as the head."

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