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2019.03.06
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[Finance] Current Status of Korea's Venture Capital Market

The "Venture Capital Market Brief" is a monthly report of statistics compiled by the Korean Venture Capital Association, providing detailed, up-to-date figures on Korea's VC market. A full list of the reports can be accessed online at kvca.or.kr


Venture Capital Firms


■ In 2018, 20 firms were added while 8 firms were terminated, resulting in 133 firms in total as of December 2018.


Registration and Operation of VC


Investment Resources


■ The total amount raised by 146 venture capital funds established in 2018 was KRW 4.68 trillion. The number of funds in operation is 807, adding up to KRW 24 trillion.


Established

Established
Type 2014 2015 2016 2017 2018
New # of Funds 82 108 120 164 146
Amount 26,180 26,205 36,792 46,087 46,868
In Operation # of Funds 447 529 605 718 807
Amount 120,458 140,954 169,473 204,416 240,078

■ Of the members of the new funds in 2018, financial institutions accounted for the largest share (30.3%), followed by policy institutes (25.7%).


Share of Members of New Funds

(Unit: %)


New Investment


■ As of December 2018, KRW 3.42 trillion was invested into 1,399 firms, up 43.8% year-on-year (KRW 2.38 trillion by 1,266 firms) based on investment amount.


New Investment


Amount of New Investment by Industry

(Unit: KRW 100 M)

Amount of New Investment by Industry
2014 2015 2016 2017 2018
ICT Manufacturing 1,951 1,463 959 1,566 1,489
ICT Services 1,913 4,019 4,062 5,159 7,468
Electric/Machinery/Equipment 1,560 1,620 2,125 2,407 2,990
Chemical/Materials 827 1,486 1,502 1,270 1,351
Bio/Medical 2,928 3,170 4,686 3,788 8,417
Video/Performance/Record 2,790 2,706 2,678 2,874 3,321
Game 1,762 1,683 1,427 1,269 1,411
Distribution/Service 2,046 3,043 2,494 4,187 5,726
Others 616 1,668 1,570 1,283 2,077
Total 16,393 20,858 21,503 23,803 34,249

■ In terms of years in operation, investment in the late stage accounts for the largest share (36.5%), followed by the mid stage (34.8%), and the early stage (28.6%).


Share of New Investment by Time


Amount of New Investment by Time

(Unit: KRW 100M)

Amount of New Investment by Time
2014 2015 2016 2017 2018
Early Stage 5,045 6,472 7,909 7,796 9,810
Mid Stage 4,069 5,828 6,156 6,641 11,935
Late Stage 7,279 8,558 7,438 9,366 12,504
Total 16,393 120,858 121,503 123,803 34,249

■ By type of investment, preferred stock accounts for the largest share (54.9%), followed by common stock (17.4%)


Share of New Investment by Type

(Unit: %)


Amount of New Investment by Type

(Unit: KRW 100M)

Share in New Investment by Type
2014 2015 2016 2017 2018
Common Stock 3,297 4,226 4,437 5,458 5,958
Preferred Stock 6,103 8,786 10,398 10,529 18,794
CB/BW 3,276 3,272 2,823 2,881 3,553
Projects 2,681 2,471 2,427 2,749 2,517
Others 1,036 2,108 1,418 2,186 3,427
Total 16,393 20,858 21,503 23,803 34,249

Newly Listed on KOSDAQ

Newly Listed on KOSDAQ
2014 2015 2016 2017 2018
# of IPO 67 109 70 78 90
# of VC companies 33 60 36 40 47
Share 49.3 55.0 51.4 51.2 52.2

Source: Korean Venture Capital Association, “Dec 2018 Venture Capital Market Brief”


< < *The opinions expressed in this article are the author’s own and do not reflect the views of KOTRA > >
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