Hana Financial Group establishes first private venture mother fund in South Korea with a scale of 100 billion won = South Korea

On the 20th, the Korean Ministry of Small and Medium Enterprise Ventures held a ``private venture mother fund formation ceremony'' with Hana Financial Group, which will form the first private venture mother fund. by private sector
The formation of a venture mother fund was made possible by the amendment bill to the Venture Investment Law that was passed by the Diet in March this year and came into effect on October 19th.
The first issue will be 100% invested by Hana Financial Group, with a total value of 100 billion won (approximately 11,467,370,000 yen). No. 1 in the industry
The plan is for venture capital firm Hana Ventures to invest in 10 areas where there is a large gap between the first and second place, and to manage the investment for 10 years.
Korea Venture Investment and Hana Ventures also entered into a business partnership on the same day. Korea's leading policy official
Korea Venture Investment, which has been managing the Korean Mother Fund for 18 years, has promised to cooperate with Hana Ventures, including providing its mother fund management know-how.
After the ceremony, the venture capital industry and academia jointly discussed the development of private venture mother funds. Here, a venture investment association using retirement pension reserves, etc.
In addition to making proposals for securing sufficient financial resources for private venture mother funds, such as approval of investment by investors and strengthening of tax incentives, we also propose proposals for public venture ventures aimed at increasing the size of mother funds.
Discussions were held on matters such as the necessity of introducing a Charmother Fund system.