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10 global funds selected for second round of overseas venture capital fund investment Updated: 2021-11-29 15:17:00 KST

10 global funds worth a total of some 873 million U.S. dollars have been selected for the second round of this year's "overseas venture capital fund investment project."
The Ministry of SMEs and Startups announced on Monday that 23 overseas venture capitalists applied for the investment.
Due to the amount of applications, the chance of being selected for the fund is around 1 in 3.
A "global fund" means that it is invested in by the parent fund operated by an overseas venture capitalist and will then invest in domestic and foreign venture companies in the future.
Combining both the first and second rounds more than 1.9 billion U.S. dollars in global funds have been raised.
Those selected are required to invest in domestic venture startups, overseas subsidiaries, joint ventures, or overseas Korean startups.
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