SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s major securities firms are intensifying efforts to break into the short-term note business, highlighting their commitment to venture capital investment amid tightening regulatory scrutiny. Currently a 40 trillion-won ($30 billion) market, the short-term note sector is regarded as a critical funding channel for large investment banks. Only [...]
India-focused venture capital and private equity show resilience amid soft global market BANGALORE, India, Sept. 25, 2024 (Korea Bizwire) – Preqin, the global leader in alternative assets data, tools, and insights, recently published its Preqin Territory Guide: Private Capital in India 2024 report. It covers private capital* growth in India, assets under management (AUM), deals volume and value, [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s major conglomerates are establishing corporate venture capital (CVC) firms under the umbrella of their holding companies as a way to expand investment in promising startups. Food and entertainment giant CJ Group set up its own CVC firm last week by acquiring a 100 percent stake in Timewise [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korean conglomerate GS Holdings said Sunday that it has set up a corporate venture capital (CVC) firm to invest in promising startups. GS Ventures plans to invest in local startups that focus on the new growth industries, such as bio, climate change, resource recycling, retail and renewable energy, [...]
SEOUL, Nov. 29 (Korea Bizwire) — Large companies and venture capitalists are aggressively investing in and exploring initial-stage startups that have relatively high risk of failure, as part of efforts to acquire stakes in such startups through ‘seed investment’ before their market value is pushed up. Local venture capital firm TBT Partners has invested about [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea said Wednesday that it will improve the venture capital fund governance system towards allowing venture capital firms to establish subsidiaries specializing in fund operation and management. This move is part of efforts to boost the influx of foreign capital by introducing a Silicon Valley-type venture fund governance [...]
SEJONG, July 30 (Korea Bizwire) — South Korea plans to allow big companies to have venture capital affiliates as it seeks to encourage them to increase investments, Finance Minister Hong Nam-ki said Thursday. However, the government will impose some restrictions on such firms in a precautionary measure to prevent big companies from using such financial [...]
BEIJING, Sept. 10 (Korea Bizwire) — Sky9 Capital, an early-stage venture capital firm that invests in Chinese technology start-ups, announced today that it has closed a new set of funds with $440 million in capital commitments, including Sky9 Capital Fund IV, L.P. and Sky9 Capital MVP Fund, L.P. The new funds build on top of [...]
SEOUL, May 3 (Korea Bizwire) — Swingvy, a Singapore-based human resource platform company, said Friday it has raised US$7 million from a group of investors led by South Korean tech giant Samsung’s venture capital investment arm. Swingvy said it has raised the investment in a Series A round of funding led by Samsung Venture Investment [...]
SEOUL, Jan. 24 (Korea Bizwire) — The total amount of investment in startups reached a record high last year amid hopes of lucrative returns and policy backup, government data showed Thursday. A total of 3.43 trillion won (US$3.04 billion) was invested in startups last year, up 43.9 percent from the previous record high of 2.38 [...]