The Korea Venture Capital Association (VC Association) is promoting a partnership with the Korea Financial Investment Association to combine investment capabilities for venture and innovative companies.
The VC Association announced that it signed a memorandum of understanding for "the activation of productive finance" with the Korea Financial Investment Association on the 28th at the Korea Financial Investment Center in Yeouido, Seoul.
The two organizations aim to establish a step-by-step support system that combines capital market investment capabilities and the expertise of the VC industry to provide venture capital more stably to venture and innovative companies.
First, they plan to expand collaboration related to corporate investment instruments such as issuance notes and integrated investment accounts (IMA). Additionally, they have set a policy to discover cooperative projects aimed at increasing the supply of venture capital to venture and innovative companies.
Lee Joon-hee, the executive vice chairman of the VC Association, said, "We will further develop the ecosystem for corporate growth by strengthening cooperation in venture investment and capital market investment."
Seo Yoo-seok, chairman of the Korea Financial Investment Association, noted, "At a time when the expansion of productive finance is being promoted as a core policy task at the national level, this agreement holds significant meaning."