Korea VC Association Holds 2023 Year-End Night and Donation Ceremony

The Korea Venture Capital Association (VC Association) donated funds to welfare foundations and art museums through its year-end party.

On the 13th, the VC Association announced, "The '2023 Venture Capital Year-End Night' event and donation ceremony were held the previous day at Marina Park in Banpo Hangang Park, Seoul."

The event was attended by about 190 people, including Yoon Geon-su, chairman of the VC Association; Lee Young, Minister of SMEs and Startups; Heo Seong-mu, CEO of Korea Growth Investment Corporation; Lee Jun-sung, vice president of KDB Industrial Bank; Shin Sang-han, vice president of Korea Venture Investment; as well as representatives and executives of member companies. This event, hosted by the VC Association, was held for the first time in four years since the COVID-19 outbreak.

Yoon Geon-su, Chairman of the Korea Venture Capital Association (VC Association), delivers a year-end speech at the '2023 Venture Capital Year-End Night' event held on the 12th at Marina Park, Banpo Hangang Park, Seoul.
[Photo by Korea Venture Capital Association]

An awards ceremony was also held. This year, individuals and organizations that contributed to the activation of venture investment received the Minister of SMEs and Startups Commendation (17 awards) and the VC Association Chairman’s Plaque of Appreciation (4 awards), respectively. At the donation ceremony, Chairman Yoon delivered 29.5 million KRW to the Maraton Welfare Foundation and 24.5 million KRW to the Seoul Museum of Art, respectively. The VC Association donated 3 million KRW, including proceeds from YouTube.

In particular, 20 member companies?the largest number ever?including ▶Daekyo Investment ▶DTS Investment ▶Murex Partners ▶Stonebridge Ventures ▶Shinhan Venture Investment ▶CKD Startup Investment ▶Aju IB Investment ▶SJ Investment Partners ▶AVentures ▶HB Investment ▶Atinum Investment ▶LB Investment ▶We Ventures ▶UTC Investment ▶Inline Ventures ▶Kakao Ventures ▶Capstone Partners ▶Company K Partners ▶Comes Investment ▶Kolon Investment?joined the donation campaign, adding meaning to the spirit of sharing.

In his year-end address, Chairman Yoon said, "I thank the families of member companies and investors who have worked hard for the development of the venture industry throughout the year, and Minister Lee, who has spared no support for the development of the venture industry as one team with the VC industry." He added, "It is time to demonstrate the adventurous spirit, which is both our identity and our mission in this era. Let us continue to unite as socially responsible VCs and contribute together to creating warm changes in the world."

In his congratulatory speech, Minister Lee cited the launch of the CVC (Corporate Venture Capital) Council under the VC Association, the debut of the first private venture mother fund, the implementation of multiple voting rights, and the linkage system for payment of supply prices as achievements. He stated, "We will continue to strive to achieve three tasks: the 50 Plus Project, where the contribution of SMEs to the national economy exceeds 50% by 2027; becoming one of the world’s top three startup countries; and accelerating the transition to private venture investment."

Yoon Geon-su, Chairman of the Korea Venture Capital Association (left), and Lee Young, Minister of SMEs and Startups, are posing for a commemorative photo at the '2023 Venture Capital Year-End Night' event held on the 12th at Marina Park, Banpo Hangang Park, Seoul.
[Photo by Korea Venture Capital Association]

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