Yoon Geon-su, Chairman of VC Association, "Will Change Institution Name to 'Korea Venture Investment Association'"

Venture Capital Association to Hold Chairman Inauguration Ceremony on the 17th
"Overcoming Crisis, Focusing on Venture Investment"
"Activating Exit Market... Requesting Support from the Exchange"

[Asia Economy Reporter Kim Bo-kyung] Yoon Geon-su, the newly appointed chairman of the Korea Venture Capital Association (photo), announced on the 17th that he will change the institution's name to the "Korea Venture Investment Association" as his inaugural statement. He also expressed his intention to expand venture investment resources and to strive to revitalize the exit market, including KOSDAQ.

At the inauguration ceremony of the 15th chairman held at the Grand Intercontinental Hotel in Seoul on the same day, Chairman Yoon said, "We will change the institution's name to the Korea Venture Investment Association, representing the entire venture investment sector in Korea."

This reflects the intention to reestablish the identity as Korea's representative venture investment organization and to play a central role in venture investment.

Chairman Yoon stated, "We will attract new members such as securities firms, banks, insurance companies, large accelerators, private equity (PE), and general companies that are engaged in or interested in venture investment, and provide programs to facilitate deal information exchange and collaboration."

He emphasized that although the budget for the Korea Fund of Funds has been reduced and domestic and international uncertainties are increasing, the association will take the lead in finding solutions to overcome the crisis.

He added, "We will inform and actively persuade related organizations about the necessity of venture investment so that resources for venture investment can be expanded from the Korea Fund of Funds, Growth Finance, and national policy banks."

He continued, "We will attract more private capital," and stated, "Through the successful establishment and smooth landing of private venture fund of funds, we will build a robust investment pool where policy funds and private funds coexist."

Furthermore, he said, "We will strive to revitalize the exit market such as KOSDAQ," and emphasized, "We will request support from the exchange so that many companies related to the national long-term growth roadmap can be listed on the KOSDAQ market."

In addition, he announced key tasks such as providing technology seminars for member company representatives, establishing new communication channels between the association and member companies, creating subcommittees centered on the chairman group, and improving the quality of member services through strengthening the capabilities of the secretariat staff.

Meanwhile, Chairman Yoon received his bachelor's and master's degrees in electronic engineering from Kyungpook National University and earned a master's degree in business administration from the MIT Sloan School of Management in the United States.

He began his career at LG Comprehensive Technology Institute in 1988, entered the venture investment industry while working at Korea Technology Investment in 1999, passed through LB Investment, and has been serving as the CEO of DSC Investment since 2012.

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