Happy New Year. I have a lot on my mind these days

[01/05 Venture Business News]
*Happy New Year. I have a lot on my mind these days and I have a lot to deal with. I wake up at 6 a.m. automatically and feel dazed all the time. Is it time to go?

*No. 1... It is said that the AUM of 64 major VCs in Korea has exceeded KRW 58 trillion. It is not 100% because it is the Dubel League Table, but I feel less and less powerful in scale. First place was IMM, which surpassed KRW 7.9 trillion, second place was Hantupa, which was KRW 4.25 trillion, and third place was SBVA (KRW 2.77 trillion), which had a change of hands. Detailed rankings will follow later~

*No. 2. But on the contrary, VC funding has been a really difficult year. The net increase in new funding in 2019 was 4.08 trillion won, 5.9 trillion won in 2020, 6.5 trillion won in 2021, and 6.97 trillion won in 22 years. Then, it decreased to 5.08 trillion won in 23 years and 3.74 trillion won in 24. In addition, the number of VCs that have raised more than 100 billion won is also decreasing sharply from 22 in 2020, 22 in 2021, and 24 in 22 to 14 in 23 and 13 in 24. As it is a one-fund strategy, big houses are making big funds well, but it shows the difficulties of other places..

*#3 In the meantime, the order of the largest funding in 24 years was Hantupa (458 billion), IMM (452 billion), Hana Ventures (210 billion), SBI Inbe (144.9 billion), TS Inbe (137.7 billion), and Shinhan Ventures (132.3 billion). More detailed procedures are also included in the text

*No. 4... In the meantime, AC is also difficult, so this year's cancellation of registration is the best ever. The reason is that local government agencies such as Changhyuk, TP, and foundation have begun to participate in public open innovation, and VC is possible for tip management. However, it is true that mid-sized companies or VCs that registered AC for tip management can be called AC originally. On the other hand, considering that more and more VCs apply for AC to facilitate follow-up investment, I think there is a limit to the AC model.

*No. 7... I didn't know that Atnum Partners set a new era of Atnum Ventures. It was a new idea, but it was surprising that Ventures and Atnum Partners were creative fighters. Anyway, Atnum Ventures was run around a project, and it seems that it is causing questions in the market by recently submitting an investment proposal to a public offering fund.

*No. 8... Meanwhile, there is an interpretation from the securities industry that it could be seen as a detour listing due to the increasing number of cases of bio companies that have become difficult to list. Typical cases are Hytron-GPCR, Genexine-EPD Bio, and Sorux-Ari Bio. If I don't know anything else, Sorux-Ari Bio seems to be a detour listing. The reason is, leaving an excerpt below..
" After the merger, the company plans to change its name to AriBio and develop products to improve cognitive function and treat dementia by synergy with lighting equipment, Sorux's business area."

*No. 10... It is said that the sale of SFC went back to square one because the unit price did not match even after the second round of bidding. GIC thought of SFC for 35 to 40 million won per pyeong, but it seems to have been broken when participants paid 33 million won. It is said that the sale will not be easy due to the martial law crisis and the personnel management season of the mutual aid association. On the contrary, I think it is an example of the macroscopic difficulties of the domestic market

1) VCAUM surpasses Article 58 and reads seconds in the era of IMM Inbe Article 8
According to the 2024 League Table, which was compiled by The Bell of 64 venture capitalists in Korea, the total amount of AUM combined with venture funds such as venture investment associations and new technology financial investment associations and PEFs was 58.2066 trillion won. Venture associations amounted to 43.92 trillion won and PEF to 14.28 trillion won. VC's total AUM size was estimated to have increased by 4.913 trillion won compared to the end of last year (54.1153 trillion won). The place that increased AUM the most is IMM Investment, the undisputed No. 1 house. IMM Investment's AUM, which broke the 7 trillion won barrier for the first time last year, increased to 7.906 trillion won. It continued fundraising evenly in venture associations and PEF accounts, increasing AUM by 776.9 billion won compared to the previous year. Korea Investment Partners, which has the second largest number of AUMs, has surpassed 4.2557 trillion won. This year, it created a total of 458 billion won worth of venture funds, and PEF also formed 211.3 billion won. Despite the liquidation of the overseas investment platform fund for Korean investment, the total AUM size increased by 589.5 billion won.\ SBVA solidified its third place by increasing AUM by 22.99 billion won to 2.756 trillion won. Except for the top three, there was not much large-scale funding, so the change in the rankings in the top 10 was limited. After that, KB Inbe was 2.506 trillion won, Premier 2.222 trillion won, Aju IB was 2.202 trillion won, Aju IB was 2.06 trillion won, Shinhan Venture was 1.748 trillion won, SV Inbe was 1.738 trillion won, Intervest was 1.562 trillion won, Smilegate was 1.478 trillion won, Stone Bridge was 1.401 trillion won, Mirae Asset was 1.256 trillion won, Woori Venture was 1.239 trillion won, SBI Inbe was 1.222 trillion won, LB Inbe 1.2 trillion won, and TS Inbe was reported to have reduced AUM by 1932 billion won when the two funds were liquidated.

2) Venture Fund Fund Fund Funding Less than 4 Trillion...A new five-year low
According to The Bell, the total amount of venture fund-raising in the VC industry this year was 3.7402 trillion won. The amount of venture fund funding is the lowest since 2019. Starting with 4.809 trillion won in 2019, it surged to 5.9047 trillion won in 2020, 6.5023 trillion won in 2021, and 6.9772 trillion won in 2022. However, it fell significantly to 5.831 trillion won last year, and to 3 trillion won this year. In particular, the amount of funding worth more than 100 billion won has continued to decline from 20 to 22 and 24 in 20 years, to 14 in 23 and 13 in 24. It is also notable that the amount of funding from top-tier houses has decreased significantly. Last year, the top 10 league table venture fund funding raised 2.9886 trillion won, which was only 2.3 trillion won this year. The number of houses that have succeeded in funding more than 200 billion won decreased from 8 last year to 3 this year. The amount of funding from upper-middle-ranking houses was similar to last year. The total amount of venture funds from the 11th to 20th-ranked houses in the league table recorded 889.1 billion won this year, slightly decreasing from 934 billion won last year. House, which has fund-raising of more than 100 billion won, was conducted