Busan City has announced a detailed investment support strategy aimed at fostering a thriving venture ecosystem, covering the entire lifecycle of startups from early-stage growth to scale-ups and IPOs.
As part of its long-term vision, the city plans to establish a region-led fund of funds, expanding it to 2 trillion KRW by 2030 to ensure a stable supply of venture capital.
To bolster funding opportunities, BNK Busan Bank will contribute 5 billion KRW to launch a 100 billion KRW loan program, backed by Korea Technology Finance Corporation, to support local ventures and startups.
The city will also create a dedicated 100 billion KRW scale-up fund in collaboration with financial institutions to drive innovation and growth. Additionally, efforts will be made to facilitate IPOs for regional companies, strengthening their market presence.
In a bid to revitalize the local venture investment ecosystem, Busan plans to enhance the investor (LP) market, support secondary fund operations, and expand investments in early-stage startups.
Furthermore, the city aims to establish a matrix-based support system that connects investment, commercialization, and infrastructure, laying a strong foundation for the continued expansion of the startup ecosystem.
