A record-breaking 79 overseas Venture capital firms applied for this year’s global fund investment project launched by the Ministry of SMEs and Startups and Korea Venture Investment Corporation, generating unprecedented interest and resulting in a highly competitive ratio of 6:1.
The total fund formation amount submitted by the applicant investment firms reached $13.5 billion (approximately 18 trillion won), while requests for investment from Korea Venture Investment Corporation totaled $716 million (1 trillion won). This represents a six-fold increase over the allocated investment budget of 170 billion won.
The application results showed strong interest from both American and Asian regions. The United States led with 28 applications, followed closely by Asia with 27 applications. Europe contributed 17 applications, while China (including Hong Kong) submitted 5 applications and the Middle East region accounted for 2 applications.
In the general investment category, 60 funds applied, creating a competition ratio of 5.8:1. The newly established specialized sectors for this year, including artificial intelligence, climate technology, and secondary market investments, also attracted considerable attention with 19 fund applications, resulting in a 6:1 competition ratio.
The final selection of global fund management companies is scheduled to be completed by July. Once the selection process concludes, the actual fund formation process is expected to begin in earnest starting from December of this year.
