Korea Venture Investment Corporation (KVIC) is joining hands with Poland's leading venture investment policy agency, PFR Ventures, to support Korean venture capital (VC) firms and startups in entering the Central and Eastern Europe market.
Korea Venture Investment Corporation said on the 22nd that it signed a memorandum of understanding (MOU) with PFR Ventures to strengthen cooperation between the two countries' venture investment ecosystems.
PFR Ventures is a fund investment institution that supports the growth of Poland's venture investment market and is regarded as a key institution in building the venture investment ecosystem in Central and Eastern Europe.
The agreement was prepared to build a venture investment cooperation channel between Korea and Poland and to expand exchanges between VCs and startups in both countries. The two institutions plan to promote cooperation in a wide range of areas, including sharing venture investment market information, linking investment institution networks, supporting startups' global expansion, and discovering joint cooperative projects.
In particular, the agreement is expected to serve as an opportunity to connect Korea's venture investment ecosystem with the Polish market, which is growing into a major European innovation hub. Poland has recently emerged as a startup hub in Central and Eastern Europe, and PFR Ventures plays a key role in building the ecosystem by committing capital to local VC funds and supporting the growth of innovative companies.
Lee Dae-hee, head of Korea Venture Investment Corporation, said, "This agreement is a meaningful starting point that connects the venture investment ecosystems of Korea and Poland," and added, "We will expand exchanges between VCs and startups in both countries and broaden opportunities for domestic innovative companies to enter the European market and attract global investment."