Kim Hak-gyun, VC Association Chairman, "Efforts to Establish KOSDAQ Fund to Revitalize Secondary Market"

Inauguration of the 16th Chairman on the 25th
Promises to Support Global Expansion of Investee Companies

Kim Hak-gyun, the newly appointed chairman of the Korea Venture Capital Association (VC Association), emphasized on the 25th, “We will actively propose expanding liquidity supply in the KOSDAQ market to revitalize the exit market.”

At the regular general meeting of the Korea Venture Capital Association (VC Association) held on the 25th at the Grand InterContinental Seoul Parnas, Kim Hak-gyun was inaugurated as the new chairman. Photo by Kwon Hyun-ji

At the inauguration and retirement ceremony of the VC Association chairman held at the Grand Intercontinental Seoul Parnas on the same day, Chairman Kim stated, “Last year, the scale of corporate fundraising through the KOSDAQ market was about 7.6 trillion won, which is not significantly different from the early days of the market opening (around 7.1 trillion won in 2000).” He added, “The association will take the lead in urging the participation of pension funds and policy funds, which act as a catalyst for private capital inflow, and propose institutional improvements for the KOSDAQ market such as the establishment of KOSDAQ funds and the exit of insolvent companies.”

He also promised to promote the globalization of the K-venture ecosystem through diversification of the exit market. Chairman Kim said, “We will expand information provision and expert training to help companies invested in by VCs list overseas more easily, and support the overseas expansion of investee companies by building networks with foreign exchanges.” He emphasized, “Diversifying the exit market will allow VCs to seek flexible and strategic exit plans according to market conditions, and enable large-scale overseas capital raising and the formation of global funds.”

In addition, he revealed plans to nurture prospective entrepreneurs, improve uniform industry regulations, activate entry and exit in the VC industry, and expand funding sources through communication with related organizations.

The VC Association finalized the appointment of Chairman Kim at the regular general meeting held on the day, after recruiting candidates for the 16th chairman from December 23 last year, and going through the chairman recommendation committee and the board of directors.

Chairman Kim majored in electronic engineering at Seoul National University and joined Daewoo Telecom in 1996. In 2000, he joined LG Venture Investment (now LB Investment). He later worked at IDG Ventures Korea, Hanwha Investment, Central Investment Partners, and Quantum Equity Partners Korea. Since 2017, he has been serving as the CEO of Quantum Ventures Korea.

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