Smilegate Investment Invested a Total of 136.1 Billion KRW Last Year

Smilegate Investment announced on the 20th that it has published the ‘2024 Impact Report (hereinafter referred to as the Report),’ summarizing its investment performance and key achievements for the year 2024.

Published for the fourth time this year, the Report provides a comprehensive overview of Smilegate Investment’s investment strategy and performance, and contains its vision for sustainable growth. It introduces not only numerical achievements such as annual investment scale but also investment cases that have a positive impact on the venture ecosystem.

Investment Performance Trend of Smilegate Investment Over the Past 3 Years. '2024 Impact Report'

According to the Report, Smilegate Investment invested a total of 136.1 billion KRW last year. This represents an approximately 38% increase compared to the previous year, reflecting an active investment stance despite market volatility. Overseas investments also expanded, with about 29 billion KRW invested mainly in the United States and India in 2024, more than doubling compared to the previous year. Starting this year, Smilegate Investment plans to actively discover companies with high potential to grow into global unicorns by fully launching local overseas expansion.

Notably, impact companies whose founding missions and core businesses have a socially positive influence accounted for about 30% of the total investments. Key examples include ‘Neolisoft,’ which supports tax filing for individual business owners; ‘Taumedical,’ which develops non-invasive cardiovascular disease treatment devices; and ‘Jamjam Therapeutics,’ which provides rehabilitation exercise game services for children with disabilities. The Report offers deeper insights by including the investment background and the perspectives of the investment officers regarding these companies.

Additionally, the Report includes the investment status of the ‘IBK-Smilegate ESG Fund No.1,’ which is now in its third year of operation. Currently, 41% of the total committed amount of 20 billion KRW has been invested, supporting a total of 8.1 billion KRW to 12 companies showing achievements in the ESG (Environmental, Social, and Governance) sector.

Nam Gi-moon, CEO of Smilegate Investment, stated, “During difficult times, growing together with startups and continuing sustainable growth is the core role of venture investment,” adding, “We will continue to discover and invest in innovative companies and share the journey of spreading value in the global market through the Report.”

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