Han Ki-jung, Fair Trade Commission Chairman, at CVC 1st Anniversary Meeting: "Effect of Revitalizing Venture Investment"

Han Ki-jung, Chairman of the Fair Trade Commission

[Asia Economy Reporter Song Seung-seop] On the 26th, Han Ki-jung, Chairman of the Korea Fair Trade Commission, visited the small and medium venture company 'NearsLab' in Yeoksam-dong, Seoul, and held a meeting at the nearby startup support center Maru360.

This event was held to commemorate the first anniversary of the introduction of corporate venture capital (CVC) by holding companies and large corporations. It was organized to tour the research and development sites of new technologies in small and medium enterprises invested by CVC and to listen to suggestions from industry and experts.

Chairman Han said, “Looking back on the first anniversary of the introduction of the holding company CVC system, the Fair Trade Commission has made various efforts for the rapid market settlement of CVC,” and emphasized, “The holding company CVC system is quickly settling in the market, and the effect of revitalizing venture investment through CVC is appearing.” He also urged, “Please actively cooperate to enhance economic vitality through venture investment and promote mutual growth between small and medium enterprises and large corporations.”

Currently, a total of nine holding companies have CVCs, raising 151.1 billion KRW by establishing investment associations or receiving direct investments. Of the invested funds, 136 billion KRW (90%) was internal funds raised as CVC capital and from affiliated companies. Among these, 86.5 billion KRW was used for investment, and more than 80 billion KRW (93%) went to domestic small and medium venture companies. In addition, the Fair Trade Commission evaluated that exemplary cases of mutual growth have appeared, such as jointly establishing commercialization strategies or assisting overseas expansion.

The Fair Trade Commission stated, “We will strengthen efforts to increase market predictability and support rapid market settlement regarding the operation of the CVC system.”

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