Samsung Venture Investment one of world’s top 5 strategic investors

[THE INVESTOR] Samsung Venture Investment is one of this year’s top five strategic investors funding start-ups in terms of investment volume, the company said on July 7.“We are in the top bracket, and have been there for several years now,” said Kim Young-min, a spokesperson for the firm. He added that the specific amount or recipients of the funding could not be revealed, other than those that have already been released to the media. Samsung Venture Investment‘s main function is to invest in st

July 7, 2016

Gov’t to offer tax credit to firms investing in ventures

[THE INVESTOR] South Korean companies investing in venture companies will be given tax credits, as part of the government’s measures for boosting investment revealed on July 7. According to the plans, local companies that directly invest in ventures, or place money in investment funds specializing in venture companies will be given tax credits on 5 percent of the funds involved. The measure, which will apply to local companies and financial institutions, will be established during the final quar

July 7, 2016

Trading value plunges on Brexit woes

[THE INVESTOR] The value of daily share trading on the Korean stock market has significantly declined in July as market volatility has spiked in recent weeks due to the UK’s decision to leave the European Union, following an upward trend during the second quarter this year, according to the local bourse operator Korea Exchange on July 7.Average daily trading value of the benchmark KOSPI and the tech-heavy KOSDAQ stood at 8.46 trillion won (US$7.3 billion) during the first six days of July, down

July 7, 2016

NPS selects 7 firms for venture fund

[THE INVESTOR] South Korea’s National Pension Service has named seven private equity firms to run 200 billion won (US$172 million) of its funds, the pension giant said on July 7. The NPS, which oversees $430 billion in assets, hired Aju IB Investment and KTB Network as general manager of the venture fund. Five others including Medici Investment, Seoul Investment Partners, Wonik Investment Partners, Innopolis Partners and G.N.Tech Venture Capital were named as preliminary mangers. National Pensio

July 7, 2016