'K-Unicorn Supporters Online IR' Held... 10 Companies Participated

Published 26 Apr.2020 12:00(KST)

Source=Ministry of SMEs and Startups

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 26th that it will hold the 'K-Unicorn Supporters Online Investor Relations (IR) Presentation' in collaboration with Korea Venture Investment Corp.

This IR will be held for five weeks starting from the 27th, hosted by the K-Unicorn Supporters. To share a quality investment pool, 10 companies will be selected from high-growth companies with a corporate value of over 50 billion KRW recommended by the supporters, Brand K companies, and small but strong companies in materials, parts, and equipment sectors.

Due to difficulties in face-to-face networking caused by the COVID-19 pandemic, video IRs will be conducted. To allow many institutions to participate regardless of time and location constraints, IR videos will be pre-produced and made available to supporters via YouTube.

Every Monday for five weeks, IR videos of two companies will be released to the supporters, who will then provide feedback. Supporters interested in investing and the companies will hold detailed investment discussions through video conferences on Fridays. Participating companies in the IR come from diverse sectors including bio-healthcare, artificial intelligence (AI) and e-commerce, fintech, content and fashion, and materials and parts.

The K-Unicorn Supporters was launched in November last year, starting with 24 top venture capital firms to overcome the lack of large funds in the domestic venture investment market through large-scale joint investments. Currently, a total of 46 entities participate, including not only venture capital firms but also banks, asset management companies, securities firms, large corporations, and unicorn companies (unlisted startups with a corporate value of over 1 trillion KRW).

Lee Young-min, CEO of Korea Venture Investment Corp., said, "We hope that the video IRs of high-growth companies recommended by top-tier domestic venture capital firms will lead to investment collaboration among supporters," adding, "If this IR attempt proves its effectiveness in terms of global scalability, time and space, and cost, we will develop it into a year-round platform."