Korea Investment, most generous venture capitalist in H1

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Korea Investment invested 63.1 billion won ($46.3 million) in domestic startups in the first six months of 2024, according to local startups and venture capital tracker The VC on Tuesday.LB Investment Inc.ranked second with a spending of 53.8 billion won, followed by Company K Partners Ltd.with 43.1 billion won, IMM Investment Corp.with 39 billion won, Shinhan Venture Investment Co.with 38.1 billion won and Altos Ventures Management Inc.with 37 billion won.

Korea Investment Partners Co.spent the most on local startups among venture capitalists in the first half, while South Korean game developer Smilegate’s corporate venture capital unit topped the list of investments in newly established companies amid the sustained funding drought.

SMILEGATE, ANGEL OF STARTUPSAmong corporate venture capitalists, Smilegate Investment Inc.injected 21.6 billion won in 15 startups.Kolon Investment Inc.and Hyundai Investment Partners Co.took second place together, spending 16.8 billion won each, followed by L&S Venture Capital with 14 billion won.

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Article Details

Category: Economy

Markets: South Korea

Topics: Investment Spending Capital Investments Korea Billion Partners List Venture First Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 21:24:23 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 340 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 22178612

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