The volume of investment in venture businesses during the first half of 2010 amounted to KRW 418.4 billion (US$ 343.7 million), according to the Korea Venture Capital Association.
The number of registered venture capital companies (VCs) in Korea is 105, up five from the end of 2009, whom of which are operating 357 VC funds.
In the first half of 2010, registered VCs made 277 investments with a total value of KRW 418.4 billion, up from 248, and KRW 317 billion observed during the same period of 2009.
This increase in investments is a result of VCs putting to work the more than KRW 1.4 trillion raised in 2009. A fund raising amount that seems far off in 2010, with only KRW 384 bil from 17 new funds raised so far this year, down significantly from the first half of 2009 which saw 34 new funds raising KRW 507.1 billion.
In 2010 the monthly investment volume has continually risen, with investment during June reaching a record-high of KRW 111.7 billion. With new investment in five out of the first six months of the year being higher than the corresponding month last year.
By industry, entertainment (115 investments for KRW 120 bil.), IT (69, KRW 114.7 bil.), and manufacturing (49, KRW 110.5 bil.) accounted for 83% of total new investments by amount.
And by stage, Korean VCs continued the trend of investing in later stage companies, with only KRW 120.7 billion invested in the more traditional VC early stage companies.
Download the full report here.
Source: Korea Venture Capital Association, photo source
(Translating & graphics by Jung Hochul)
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