Overview of venture capitalist industry in South Korea
July 2, 2012 by SGE
While the number of venture capital deals has been skyrocketing in South Korea since 2008, acquisitions of startups are still few and far between. Most exits come in the form of IPOs. These findings are derived from a beSUCCESS Special Report by Eunse Lee. Altogether, there are 105 registered VC firms in Korea, handling about KRW 9,460B (US$8.28B) worth of funds.
On a separate note, a VentureBeat report stated: “Angel investing is on the smaller side with about 30 percent of Korea’s venture capital deals going toward early stage companies. There is an emphasis on proving your company’s worth before money is awarded, which Go Venture Forum’s Youngha Go sees as a block in the growth of the Korean startup community.”
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SGE - (SGE)
Covering the Singapore and Southeast Asia startup and entrepreneurship scene since 2005.Read other posts by SGE