Woonghwan Yoo, CEO of Korea Venture Investment, "Preparing Customized Strategies for Entry into the US and EU"

Organizational Restructuring to Form ESG Management Team
"Profit-Reinvestment Virtuous Cycle Must Continue"
"We Will Serve as a Hub for the Venture Ecosystem"

Woonghwan Yoo, CEO of Korea Venture Investment / Photo by Honam Moon munonam@

[Asia Economy Reporter Kim Bo-kyung] Yoo Woong-hwan, CEO of Korea Venture Investment Corp., announced that to ensure the sustainability of the venture ecosystem, companies will prepare customized strategies to enter the US and European Union (EU) markets.

In his New Year's address on the 2nd, CEO Yoo stated, "If global funds collaborating with overseas venture capital (VC) firms become active, the domestic venture ecosystem can secure sustainability."

He added, "Last year, during Crown Prince Bin Salman's visit to Korea, we signed a business agreement with Saudi Arabia's sovereign fund operator SVC, and we are also preparing tailored strategies to actively enter the US and EU markets, which emphasize ESG (Environmental, Social, and Governance) principles."

CEO Yoo emphasized, "To create a healthy, virtuous cycle in the venture environment, profits must lead to reinvestment, and reinvestment must generate even greater returns, becoming an 'inexhaustible spring.'"

Furthermore, despite the challenging global economic environment and investment sentiment, Korea Venture Investment Corp. will serve as a hub for a new leap forward in the venture ecosystem this year.

He said, "The best way to overcome the crises and uncertainties we currently face is continuous innovation," adding, "The history of venture investment proves this, as investments during crises have returned even higher profits."

He also expressed his ambition, stating, "We must advance a private-sector-led innovation ecosystem," and "We will act as a facilitator, supporter, and mediator to promote private financing and serve as the hub of the venture ecosystem."

Meanwhile, Korea Venture Investment Corp. has established an 'ESG Management Team' through organizational restructuring to strengthen the institution's ESG management and promote the spread of ESG management among venture companies.

In addition, they newly established the 'Private Fund TF Team,' responsible for attracting domestic private venture capital, and the 'Europe Office,' which supports attracting global venture capital and companies' overseas expansion.

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