South Korea launches 'relay investment' to foster venture capital growth

South Korea's financial regulators are launching a new initiative to boost its venture capital ecosystem. The Financial Services Commission (FSC) and the Ministry of SMEs and Startups (MSS) hosted a joint event on June 23 in Seoul to promote their "Mother Fund-Growth Fund Relay Investment" program.

This program is designed to create a seamless investment pipeline. It connects the government-backed Mother Fund with the National Growth Fund. The goal is to nurture promising startups and help them grow into global unicorn companies. The initiative aims to ensure that venture and startup businesses receive the necessary growth capital.

The FSC previously held a meeting of its "Growth Company Discovery Council" in May. This council, a joint public-private body, discussed ways to facilitate the connection of growth funding. The "relay investment" approach signifies a coordinated effort to provide sustained financial support for innovative businesses.