Venture capital (VC) Kakao Ventures invested 20.7 billion won and recovered 130 billion won last year.
On the 20th, Kakao Ventures said it executed a total of 27 investments last year worth about 20.7 billion won. Of these, seed-stage investments numbered 18 and accounted for 13.6 billion won.
Kakao Ventures said, "Even amid a deep freeze in early-stage funding, we maintained an aggressive investment stance, with nearly 90% of new deals being first institutional investments."
Investment recoveries totaled 130 billion won. A key driver was winding down the "Kakao Growth Sharing Game Fund," formed in 2016, at a 3x multiple.
Kakao Ventures plans to pursue a two-track strategy this year, examining Korea's strengths and global opportunities. It also secured investment capital by launching its 11th new fund last year at 44 billion won.
Chief Executive Kim Ki-jun of Kakao Ventures said, "This year as well, we will look closely at Korea's clear competitive strengths and opportunities, and we will hold our position as the partner founders can trust and rely on the most."