Korea Venture Capital Association Holds 'CVC Council' Meeting
Discussion on Council Operation Plans and CVC System Improvement Tasks
![CEO Heo Jun-nyeong is giving a greeting at the CVC Council meeting held on the 11th. <br>[Photo by Korea Venture Capital Association]](http://www.asiae.co.kr/news/img_view.htm?img=2023121316393887704_1702453178.jpg)
CEO Heo Jun-nyeong is giving a greeting at the CVC Council meeting held on the 11th.
[Photo by Korea Venture Capital Association]
The Korea Venture Capital Association (KVCA) announced on the 13th that the CVC (Corporate Venture Capital) Council under the KVCA held a meeting on the 11th at the Korea Venture Investment Building in Seocho-gu, Seoul.
The council, officially launched last October, was established to create a private-led venture investment ecosystem where CVCs and startups grow together. Huh Jun-nyeong, CEO of GS Ventures, was appointed as the inaugural chairman, with 53 companies participating as founding members. Last month, the council held the 'Global CVC Conference' to provide networking opportunities between domestic and international CVCs and promising ventures and startups.
About 40 people attended the meeting, including council member companies, representatives from the Ministry of SMEs and Startups, the Fair Trade Commission, and association officials. They discussed council operation plans, CVC-related institutional improvement tasks, and industry issues. The Ministry of SMEs and Startups and the Fair Trade Commission introduced trends in the general holding company CVC system and progress in regulatory improvements, and listened to attendees' opinions. The council plans to hold regular meetings in various formats such as seminars and workshops quarterly next year to gather industry opinions on revitalizing CVC investment and to propose policy and institutional improvements.
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Chairman Huh said, "Since CVCs vary in size, governance structure, and investment areas, their interests inevitably differ," adding, "The council will actively identify investment difficulties faced by the CVC industry and strengthen communication and cooperation with various venture ecosystem stakeholders to play a role in promoting CVC investment."
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