Yoon Geon-su, CEO of DSC Investment, Appointed as 15th VC Association Chairman

LG Advanced Institute of Technology Alumni Independent Venture Capitalist
Inauguration Ceremony Held at the Regular General Meeting on the 17th

[Asia Economy Reporter Kwangho Lee] The selection of the next chairman of the Korea Venture Capital Association (VC Association) has been finalized after a series of twists and turns. Yoon Geon-su, CEO of DSC Investment, who was selected as the final candidate, will serve as the 15th chairman of the association.

On the 17th, the VC Association plans to hold its regular general meeting, gather opinions from member companies, and appoint CEO Yoon as the 15th chairman. Although some procedures remain, CEO Yoon has effectively been confirmed as the next chairman. Earlier, on the 15th, the VC Association held a board meeting and finalized CEO Yoon as the next chairman candidate.

About 20 board members participated in a secret ballot to select CEO Yoon as the final candidate. CEO Yoon received a majority of votes and will assume office at the regular general meeting. No separate vote will be held at the general meeting; only opinions from member companies will be collected. The chairman’s term is two years.

CEO Yoon graduated from the Department of Electronic Engineering at Kyungpook National University and completed his master's degree at the same university’s graduate school. He then completed a master's program in Business Administration at the Massachusetts Institute of Technology (MIT) graduate school. He subsequently gained investment experience through roles such as head of the Technology Planning Team at LG Advanced Technology Institute, head of service development at LG Telecom, and positions at Korea Technology Investment and LB Investment.

In 2012, he founded the independent venture capital (VC) firm DSC Investment. DSC Investment surpassed 1 trillion KRW in venture fund assets under management (AUM) last year, becoming a top-tier domestic asset manager. The firm gained attention by discovering domestic and international unicorn companies (unlisted companies valued at over 1 trillion KRW) early, including Zigbang, Musinsa, Kurly, Dunamu, and Moloco.

The chairman selection process was concluded after some difficulties. Initially, the candidates for this VC Association chairman position were CEO Yoon and CEO Kim Dae-young of Knet Investment Partners. This was the first time since the association’s establishment in 1989 that multiple candidates ran for chairman. The industry was concerned that the unusual competition between multiple candidates might be perceived as a power struggle. Subsequently, CEO Kim announced his intention to withdraw, strengthening CEO Yoon’s position.

The chairman of the VC Association represents the interests of member companies and serves to promote venture investment activation. CEO Yoon is known to have emphasized plans for the development of the venture capital industry, including ▲activation of the exit market ▲creation of private mother funds ▲establishment of accurate venture investment statistical data.

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