FSC to Foster Unicorns Through Investment Linkage Between Korea Fund of Funds and National Growth Fund

The Financial Services Commission and the Ministry of SMEs and Startups are set to foster unicorn companies by establishing a linkage system between funds such as the Korea Fund of Funds and the National Growth Fund.

The Financial Services Commission announced on June 23 that it held the "Korea Fund of Funds–National Growth Fund Relay Joint Event" at SVC Seoul in Mapo-gu, Seoul, that afternoon. The event was organized to facilitate investment linkages among domestic venture and startup companies, government ministries, policy financial institutions, and private investors.

Lee Eogwon, chairman of the Financial Services Commission, stated, "The success or failure of future industries—ranging from artificial intelligence (AI), semiconductors, and bio to aerospace and energy—is not determined by who has better ideas, but by who invests for longer, on a larger scale, and with greater boldness. The Korea Fund of Funds, as a first mover, sows the seeds of innovation; the National Growth Fund then takes up the momentum for growth and expands it. When successful companies reinvest in the next generation of enterprises, a virtuous cycle is established, enabling the venture capital market to take another leap forward."

During the event, discussions were held on follow-up investments between funds, based on cases of companies that achieved success through investments from the Korea Fund of Funds. As the operating institution of the Korea Fund of Funds, Korea Venture Investment pledged to continue discovering promising companies. The Korea Development Bank, which operates the National Growth Fund, expressed its intention to provide follow-up investments to companies supported by the Korea Fund of Funds.

Industry participants also emphasized the need for a system to link follow-up investments through interdepartmental cooperation. For venture and startup companies, it becomes difficult to secure large-scale investments after passing through the early and mid-growth stages. In such cases, the National Growth Fund can generate synergy by accelerating the scaling up of innovative companies discovered by the Korea Fund of Funds.

A joint IR session was also held for 11 selected companies that received investment from the Korea Fund of Funds. Companies such as Xina, Spanner, and WeRobotics—among the 11—presented their future roadmaps and value-up plans. The event also provided an opportunity for exchanges between fund operators and promising companies to explore ways to attract investment.

This content was produced with the assistance of AI translation services.