Kakao Ventures Recruits Lim Hyungcheol, CEO of Blokore, as 'web3' Partner

Lim Hyeongcheol, CEO of Blocore

[Asia Economy Reporter Seungjin Lee] Kakao Ventures announced on the 6th that it has recruited Lim Hyungcheol, CEO of Blocore, as a value-up partner for the web3 division. Under the name Web3 Builder, he will support Kakao Ventures and the blockchain sector.

CEO Lim dropped out of the Department of Chemical and Biological Engineering at Seoul National University and founded 'Gameberry' in 2011, based on mobile games and ad tech business. It recorded an operating profit of 10 billion KRW in the fourth quarter of last year alone. In 2017, he was selected as one of Forbes' '30 Under 30 Asia' influential leaders.

In 2018, he established the blockchain-focused investment firm 'Blocore' and has continued successful investments. He discovered over 50 companies in the web3 and blockchain fields early on, including The Sandbox, Animoca Brands, WEMIX, and Klaytn. He also participated in investments in global companies in entertainment and gaming such as Hypebeast and Kong Studio. Concurrently serving as a founding partner of Singapore-based venture capital TGV, he manages a fund worth approximately 320 billion KRW.

Kakao Ventures operates a 'Value-Up Partnership' program that actively collaborates with external experts. Specialists in gaming, blockchain, growth hacking, and organizational management serve as advisors, providing support whenever portfolio companies request assistance.

CEO Lim said, “I will actively support portfolio companies aiming to change the world through web3 together with Kakao Ventures, which has extensive investment experience in various fields. I will focus on helping startups create effective services and products.”

Jung Sina, CEO of Kakao Ventures, said, “We believe that CEO Lim Hyungcheol and Blocore, who have executed very fast and innovative challenges in the web3 sector and positively influenced the market, will contribute to solving problems as part of the Kakao Ventures family.”

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