Samsung Securities Signs MOU with KODATA to Expand Venture Capital Supply

Samsung Securities announced on October 30 that it had signed a memorandum of understanding (MOU) with Korea Credit Data (hereinafter referred to as KODATA) the previous day at its headquarters in Seocho-gu, Seoul, to expand the supply of venture capital.

Samsung Securities and Korea Credit Data signed a business agreement to expand venture capital supply on October 29 at their headquarters in Seocho-gu, Seoul. From the left, Samsung Securities President Jongmoon Park, Korea Credit Data CEO Duseon Hong. Samsung Securities.

This business agreement was pursued to discover and support the growth of outstanding small and medium-sized enterprises, venture companies, and startups, based on the capital market expertise and capabilities of both companies. Through this, the companies aim to promote venture investment and expand the productive financial functions of venture capital.

The plan is to pursue a joint strategy that combines Samsung Securities’ corporate finance expertise with KODATA’s data analysis capabilities and information on more than 13 million companies.

Samsung Securities intends not only to invest in the early stages, but also to establish itself as a long-term partner by providing customized financial solutions throughout the corporate lifecycle, including IPOs, bonds, and paid-in capital increases according to the growth stage of each company.

The main contents of the agreement include: ▲ exploring ways to utilize information to expand the supply of venture capital within the capital market ▲ establishing joint strategies using various data and services ▲ expanding business through the linkage and exchange of human resources, among others.

A representative from Samsung Securities stated, "Through this agreement, we will increase investment in promising small and medium-sized enterprises and venture companies, and take the lead in expanding the venture capital ecosystem."

A KODATA representative also said, "We will continue our efforts to establish a virtuous cycle in the capital market and support the growth of ventures and startups."

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