Korea Post has begun collaborating with Korea Venture Capital to nurture venture companies and startups.
On the 30th, Korea Post announced that it signed a memorandum of understanding (MOU) with Korea Venture Capital to accelerate the formation of venture funds and enhance financial synergies through cooperation.
Under the agreement, when a venture fund management company selected by Korea Venture Capital applies for an investment project, Korea Post will provide preferential treatment during the review process. In return, Korea Venture Capital will grant incentives chosen by the fund manager—such as priority loss protection and transfer of excess returns—to private investors participating in the venture funds established through this agreement.
Park In-hwan, President of Korea Post, stated, "Through this MOU, we plan to strengthen Korea Post's foundation for investing in venture funds. We will cooperate closely with Korea Venture Capital to ensure that capital needed by companies with high growth potential is supplied at the right time."
Lee Dae-hee, CEO of Korea Venture Capital, said, "Collaboration with Korea Post, which possesses nationwide financial infrastructure, will serve as a catalyst to invigorate the venture investment ecosystem. We will accelerate the formation of venture funds and build a solid foundation for ventures and startups to leap into global unicorn companies."
in TECH
