The venture capital firm "NXVP," established by the two daughters of the late Kim Jung-ju, founder of Nexon, has applied for registration as a new technology business finance company with financial authorities, it was confirmed on the 29th.
New technology business finance refers to a business that invests in or provides loans to promising ventures, small and medium-sized enterprises that develop new technologies or commercialize them. It can form investment partnerships to manage and operate funds directly.
NXVP was established by WiseKids, which is 50% owned by Kim's daughters, Jeong-min and Jeong-yoon. The capital is 20.5 billion won, and WiseKids holds a 95% equity stake.
NXVP shares the same name as the venture capital firm that NXC, Nexon's holding company, established in the past. NXC set up NXVP in 2017 with a capital of 20 billion won but suddenly returned its new technology business finance license and liquidated in November of the following year.