Korean government backs local venture
Korea Venture Investment Corporation (KVIC), a South Korean government-backed fund of funds, and Korea’s Small & Medium Business Administration, have jointly raised KRW200 billion ($178 million) for their new vehicle, first launched a year ago.
The fund will focus on investing in the nation’s small to medium-sized companies, with a typical deal size up to KRW30 billion ($26.7 million), but is also allowed to invest in foreign companies, subject...
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