The Banks Foundation for Young Entrepreneurs (Dcamp) is said to have conducted an ad hoc audit of CEO Park Young-hoon last month.
According to the industry on the 29th, Dcamp's audit office closely reviewed the decision-making process related to changes in its investment stance under the current CEO. The view was that board reporting had not been sufficiently carried out despite shifts in management direction. The audit findings report is expected soon.
Dcamp's investment in ultra-early-stage corporations has fallen sharply in recent years. Direct investments in corporations valued at less than 10 billion won decreased from 34 in 2023 to 5 in 2024 and 1 in 2025.
Allegations of workplace harassment, including inappropriate remarks toward some employees and pressure to resign, were also raised. Dcamp's audit office is said to be verifying the facts on the matter with an external labor law firm.
Dcamp is a startup support foundation established in 2012 with grants from 19 institutions affiliated with the Korea Federation of Banks. Cumulative contributions from the financial sector total 845 billion won. Park's side is said to have appointed legal counsel in response to the probe.