Korea Venture Investment Corporation said on the 9th it has selected six managers in the 2025 second-half global fund manager selection and will create a new fund totaling 721.4 billion won.
The global fund is a program in which the Fund of Funds invests in funds run by leading overseas venture capital firms and requires them to invest at least the Fund of Funds' investment amount in Korean companies. To date, it has been operated across 76 funds worldwide, totaling 12.4 trillion won.
Since 2013, Korea Venture Investment Corporation has operated the global fund, through which 661 Korean ventures and startups have received 1.3 trillion won in investment, contributing to the birth of global unicorns such as Toss, Karrot, and Rebellions.
Beginning with the investment notice on Aug. 8, Korea Venture Investment Corporation conducted document reviews, on-site due diligence, and an investment screening committee, and ultimately selected six global venture capital firms as global fund managers.
In selecting managers, Korea Venture Investment Corporation evaluated the likelihood of fund formation, investment expertise, and contribution to the domestic venture investment ecosystem, including investment in Korea.
The selected managers are six venture capital firms from four countries, including the United States' TEDCO, France's AVP, and Hong Kong's CMBI.
For this investment program, the Fund of Funds will invest 76.8 billion won to form a fund of about 721.4 billion won, and the mandatory investment amount in Korean companies is also expected to exceed 89 billion won. The selected managers must form their funds within six months of the selection announcement.
Lee Dae-hee, CEO of Korea Venture Investment Corporation, said, "The global fund has connected domestic startups with overseas investors and played a major role in the birth of domestic unicorns," adding, "Korea Venture Investment Corporation will fully support domestic startups in attracting overseas investment and expanding globally by creating more than 1 trillion won in global funds every year."