Kim Juhyun: "15.4 Trillion Policy Finance Supplied for Venture Funding"

The Financial Services Commission has decided to provide customized policy financing worth 15.4 trillion won this year to support funding for venture companies.

Financial Services Commission Chairman Kim Ju-hyun is speaking at a financial support meeting to respond to the climate crisis held at the Seoul Energy Dream Center in Mapo-gu on the 19th. Photo by Jo Yong-jun jun21@

On the morning of the 16th, Kim Ju-hyun, Chairman of the Financial Services Commission, attended the 'Venture Company Field Meeting' held at Front1 in Mapo-gu, Seoul, and stated, "Unlike global venture investments that focus intensively on commercializing innovative ideas and technologies of early-stage companies, domestic investments tend to focus more on later-stage companies with proven results, so it is important to address the blind spots for early-stage companies."

Chairman Kim said, "To ensure there are no difficulties in securing funds from the early startup stage, this year we will supply customized policy financing of 15.4 trillion won to the venture market through the Korea Development Bank, Industrial Bank of Korea, and Korea Credit Guarantee Fund, which is about a 30% increase compared to last year. We will also strengthen efforts to nurture early-stage startups by raising and investing more than 500 billion won in funds over the next three years through 'IBK Venture Investment,' launched last March."

The Financial Services Commission also plans to promote the activation of the secondary market, such as secondary funds supporting the recovery of existing venture capital funds and mergers and acquisitions (M&A). Chairman Kim said, "Since May this year, the secondary fund worth 1.2 trillion won raised by the Korea Development Bank and Industrial Bank of Korea has begun full-scale investment execution. We will also continue efforts to amend the Capital Markets Act so that Business Development Companies (BDC) can be introduced promptly and perform the functions of secondary funds."

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