SEOUL, April 28 (AJP) - The Korea Venture Investment Corporation under the Ministry of SMEs and Startups has established a subsidiary in Singapore as part of an ambitious effort to create a $200 million fund, the ministry said on Monday.
The new entity marks a significant step in Korea’s drive to globalize its venture capital ecosystem. The fund, which is expected to launch by the second quarter of 2026, will use the Singapore subsidiary as its operational base.
Previously, KVIC maintained a representative office in Singapore, overseeing global funds and supporting Korean startups seeking to expand abroad and attract international investment.
However, the new subsidiary will allow for a deeper integration with global capital markets.
The ministry said it would soon begin recruiting local staff and applying for regulatory approvals necessary to operate a fund. Once established, the fund aims to bring together domestic venture capital firms and global investors.
"We will move swiftly to complete the necessary steps to transform the Singapore subsidiary into a regional investment hub," said Kim Bong-deok from the Ministry of SMEs and Startups. "Our goal is to actively support Korean startups as they expand into Asia."
reporter
Candice Kim
candicekim1121@ajupress.com
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