VC Association Signs Venture Investment MOUs with Taiwan and Vietnam to Establish Global Fund

Connecting the Asian Venture Investment Network

The Korea Venture Capital Association (VC Association) is working with related venture capital associations in Taiwan and Vietnam to establish a global fund. This initiative is seen as an effort to support Korean ventures and startups in expanding overseas and attracting capital investment.

On the 15th, an official from the VC Association stated, "We have signed memorandums of understanding (MOUs) with the Taiwan Venture Capital and Private Equity Association (TVCA and TPEA) and the Vietnam Private Capital Association (VPCA) for joint fostering and cooperation within the venture investment ecosystem." The official added that these agreements aim to connect venture investment networks among major Asian countries, and to expand overseas advancement and joint investment by Korean startups and venture capital firms.

The VC Association first participated in the Taiwan·Asia Venture Capital Summit, held in Taipei on July 7-8, where it concluded an MOU with the Taiwanese association. The two organizations plan to support mutual investment between Korea and Taiwan and to establish a crossborder fund with joint contributions, while detailing strategies for fund exits.

Officials are taking a commemorative photo at the MOU signing ceremony between the Korea and Taiwan Associations. (From right) Hakkyun Kim, Chairman; Junxian Ye, Taiwan National Development Council Commissioner; Deochung Chu, Chairman of Venture Capital Association.

Subsequently, on July 9 in Ho Chi Minh City, Vietnam, the association held an agreement ceremony with the VPCA to commit to creating a global fund and strengthening investment cooperation. By combining the rapidly growing Vietnamese startup market with Korea's advanced venture capital expertise, the aim is to discover joint investment opportunities in Southeast Asia and to activate networking programs in the region.

Hakkyun Kim, Chairman of the VC Association, said, "Expanding into global markets is an essential task for the sustainable growth of Korean ventures and startups," adding, "With this series of MOUs, we will solidify connections between the investment networks of both countries, and achieve substantive global investment expansion, including joint fund formation."

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