Korea

Korea Venture Investment Corporation (KVIC), based in Seocho-gu, Seoul, South Korea, operates as a government-owned fund of funds manager, committing capital to venture capital and private equity funds to foster the growth of Korea's startup and SME ecosystem. The organization manages approximately US$1.2 billion in assets and has invested in over 160 funds, which in turn support around 1,000 technology-oriented companies across sectors like ICT, bio, and green energy. With a reported employee count of 129 as of Q1 2021, KVIC's capital stood at 50 billion KRW in 2019. Key leadership includes CEO Kang-Rae Jo, CIO SHIN Sang-han, and Senior Managing Directors Yoon-Joong Yong and Hyungchul Koo. Established in 2005 as a government initiative, KVIC does not have individual founders.