Invest KOREA

According to Yonhap News,

(BUSAN=Yonhap News) As an effort to share the status of investments in venture companies "Investment Information Platform" has been set up.

KOTEC said that Investment Information Platform (http://invest.kibo.or.kr) went into full operation on April 2 to allow one-click apprehension of investments received by the companies seeking for guarantees.

KOTEC established this platform to expedite follow-up investment (guarantee-linked investment) for companies who had previously received investment from private VCs .

Through a guarantee-linked investment program, venture companies who previously received investments from private VCs can be provided with additional capital to carry on with development and commercialization of follow-up technologies.

To attract follow-up investments, it is required to check the status of previous investment.

In contrast to the four-step check-up process before (KOTEC → Venture Capital Association → Private VC → Venture Capital Association → KOTEC), one-click check-up is made possible with the opening of the Investment Information Platform.

KOTEC launched the guarantee-linked investment program last year, and provided KRW 52.9 billion in guarantees to 35 companies.

By utilizing this streamlined process, KOTEC plans to support KRW 200 billion to venture companies previously received investments from private VCs.

ljm703@yna.co.kr

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Source Text

Source: Yonhap News (April 2, 2019)

** This article was translated from Korean.