No. 1.. We created a fund in Gangnam-gu

[3/21 Venture Business News]
*Singapore is hot. This is the opinion of tick allergy holders who have to stay in a good hotel even if it is expensive… I can't sleep because I'm scared of this… So I need to organize the news…

*No. 1.. We created a fund in Gangnam-gu. The provision to invest 1 billion won in 36 billion won and 5 billion won in Gangnam-gu companies... It's relatively easy to find companies in Gangnam-gu, but 500%...

*Number 4.. I heard that K2Inve recently established a PE headquarters, and Murex Partners will be added to it. They also recently created Quantum Ventures. Among the existing VCs, houses such as LB and Mirae Asset, where PE departments are located, were focused on growth and mezzanine investment, but K2, Quantum, and Murex are likely to focus on acquisition like TSInve

*No.5... What kind of company did Necao acquire? The analysis of the companies that the two companies acquired over the past four years shows that they had something in common: less than seven years + lack of funds. In general...
1) Advantages of Naver: Stable business expansion and ease of risk management are the advantages of the M&A method. The disadvantage is that it lacks flexibility. 2) Kakao: △ timeliness △ ease of choosing necessary businesses. On the other hand, the decline in consistency of investment flows and high risks due to decentralized decision-making were cited as disadvantages.  

*10 times... SL Inbe liquidated the fund for the first time in 11 years. It's been 11 years, and the IRR is 38%... With 800 million Devsisters and 10.3 billion won, Krafto 1 billion won and 17.6 billion won...

*Number 11.. Boston Dynamics acquired by Hyundai Motor Group in 2021 with Hyundai Motor Company, Mobis, Vice Chairman Chung Eui-sun, and Glovis's 1 trillion won. There was still a 20% stake in Softbank, but according to the announcement at the time of the acquisition, there was a provision that Boston Dynamics should be listed by June 25 to open the way for Softbank's EX. If it fails, there was a put option that HMG Global, Hyundai Glovis, and Vice Chairman Chung Eui-sun should buy it the following year. Boston Dynamics, which is not preparing for listing as of March 24, is said to have reached over 340 billion won last year. What are their actions?

1) Gangnam-gu District Starts Investment in 'Gangnam Start-up Fund No. 3' worth KRW 36 Billion
Gangnam-gu District (District Mayor Cho Seong-myeong) created a fund worth 36 billion won through the "Gangnam Startup Fund No. 3" in February, and will provide full-fledged investment support for small and medium-sized venture companies in the future. The district invested 1 billion won in the Small and Medium Business Promotion Fund to create the fund and publicly recruited business execution members (managers) to select BSK Investment. Since then, 14 members of public and private institutions have been formed, including the Korea Mortgage Fund, which was created based on the fund of the Ministry of SMEs and Startups. The investment was raised to 36 billion won, 16 billion won more than the original target of 20 billion won. It plans to make more than 500 percent of the district's investment (more than 5 billion won) mandatory to invest in small and medium-sized venture companies within the 7th anniversary of its foundation in Gangnam-gu District to serve as a priming water for the growth of small and medium-sized venture companies in Gangnam-gu District. Meanwhile, the district is supporting the leap into a unicorn company by investing more than 27.5 billion won in small and medium-sized venture companies in Gangnam-gu District by operating Gangnam Startup Fund No. 1 and No. 2. Unicorn companies are start-ups with a corporate value of more than 1 billion dollars, and as of 2023, Gangnam-gu has the largest number of unicorn companies in the country with a total of 11 (22 nationwide).

2) HLB Group Looking for Hidden gemstones... Domestic bio venture investment 'active'
According to the industry, HLB Group announced on the 19th that it will make a strategic investment (SI) in "Neuroventi," a bio venture that is developing a treatment for brain diseases. HLB's investment in Neroventi is worth 1 billion won, which will be made through HLB Group Fund 'HLBI Albam No. 1 Investment Association', which is operated by HLB Investment. HLB Group expects synergy in cooperation with Neroventi through this investment. In February, HLB Group announced that it would make a strategic investment in Ateon Bio, a new antibody-cancer drug development company, and that it plans to expand its new drug development pipeline through this. In addition, HLB Investment has invested in Neoken Bio, which is developing treatments such as epilepsy with medical cannabis, and DeFi, a company that develops solutions for diagnosing and treating sarcopenia.

3) "D-Camp Invests Up to 15 Funds This Year...30 Billion Allocations"
Kim Young-duk, CEO of D-Camp, said, "D-Camp will invest 30 billion won this year. We have allocated 30 billion won in investment budget this year. We will invest in up to 15 funds. Five to six of them will be allocated to global funds. Contribution to the start-up ecosystem will be the top evaluation criterion. We hope that small and medium-sized houses will grow and become a priming water for good capital supply to the ecosystem." D-Camp is Korea's largest start-up foundation established by 19 major financial companies in 2012 with an investment of 845 billion won. In its early days, D-Camp has been operating programs to discover, invest, and foster startups. D-Camp has been working as a private LP by investing in a parent fund managed by Korea Growth Finance. The cumulative investment of the parent fund amounts to 700 billion won. △Growth Ladder Fund △Banks Job Fund △Fintech Innovation Fund △Banks Fund. Meanwhile, the bank youth start-up foundation (D-Camp) announced on Monday that it has elected Park Young-hoon, former vice president of GS Retail, as its new CEO.

4) 'Buyout' Investment Starts Are VC… Will Venture and Startup M&A Be Activated
The venture capital (VC) industry is expanding its business scope through "buyout" investment, which takes over the management rights of ventures and startups and sells them back to increase corporate value. According to the VC industry on Wednesday, mid-sized VC Murex Partners, which has an AUM of 400 billion won, is currently hiring PE investment experts. Murex Partners, which switched to its own representative division system early this year, has CEO Lee Bum-suk in charge of PE and CEO Kang Dong-min in VC division. Company K Partners established its PE headquarters last year, with Vice President Byun Joon-young at the center. It also recruited Park Joon-kyu, a former PEF executive, and Deputy Chief Park Joon-beom. Quantum Ventures also recently established its PE headquarters and recruited Kim Ki-sun, managing director of Hana Alternative Investment Asset Management. In addition, Kim Se-min, who was in charge of buyout investment at STReaders Private Equity, a PEF management company, joined K2 Investment as head of PE headquarters. Previously, there were VCs with PE business organizations, including Mirae Asset Venture Investment and LB Investment. However, most of them have invested mainly in growth capital, mezzanine (stock-related bonds), and secondary (buying old shares) targeting companies that are about to be listed, such as pre-IPO. There were few "buyout" investments to take over management rights.

5) What kind of company will Nekao do M&A… 'Lack of funds and start-ups under 7 years'
According to the academic circles on Wednesday, Ha Byeong-cheon, a professor of business administration at a university such as Sogang University (Kim Sang-yu, Kim Mi-ri, and Park Soo-hyun), and Kim Gil-sun, a professor at the Graduate School of Business, announced in their research that Necao has been M&A with startups under seven years of age. The researchers analyzed 149 companies that Naver and Kakao conducted M&A between 2017 and 2021. During the period, Naver acquired 43 companies and Kakao 106. According to the analysis, Naver and Kakao merged with startups with less than seven years of business history and lacked financial resources. Among Naver's total acquisitions, 61.3 percent were software developers and suppliers, and 22.6 percent were books, magazines and other print publishers. Kakao, on the other hand, was relatively diverse with 27.2 percent for software development and suppliers, 13.6 percent for other professional, scientific and technological services, 12.6 percent for books, magazines and other print publishers, and 12.6 percent for producing and distributing movies, videos, broadcasting programs, and 12.6 percent for other printed materials. For Naver, the company focused on upgrading its existing technologies and businesses or securing future growth engines by transferring technological resources held by the acquired company. Kakao conducted mergers and acquisitions with the aim of responding closely to the market. They put weight on securing immediate business capabilities. The researchers suggested stable business expansion and ease of risk management as advantages of the Naver M&A method. They cited the lack of flexibility as disadvantages. In the case of Kakao, they explained that it has advantages such as △ timeliness △ ease of choosing necessary businesses. On the other hand, the disadvantages of decentralized decision-making include poor consistency of investment flow and high risk.

6) Why Tech Start-ups Are Attracted to Government Voucher Business
The government's artificial intelligence (AI) and data voucher program is gaining popularity among tech startups. The AI voucher program allows users to use solutions from suppliers worth up to 300 million won (390,000 U.S. dollars) per company in demand. Some of the companies that have recently been selected as suppliers of the program include Recon Labs (AI-based 3D content creation), Near Lab (drone), BHSN (Legal AI), SuperbAI, Deep Sales, and Ona People. Many tech startups focus their companies' capabilities on the voucher program. This is because they can easily increase sales and upgrade their technology. "Even small and medium-sized businesses that prefer AI services from large companies can have a different attitude when they use solutions from startups," said the CEO of A Startup, which has been selected as the supplier of AI voucher program for three consecutive years. "It is also very effective in promoting technology and brand." He explains that it is also attractive as a sales source. If you participate in the voucher program, you can secure billions of won in stable sales. It is a considerable amount for startups whose initial sales are important. However, the government has recently been curtailing the voucher program. This is because the voucher program erupted in the process of readjusting the national research and development (R&D) budget.

7) Butcher Attracts KRW 10 Billion New Investment
Food tech start-up Butcher announced on the 20th that it has confirmed to attract about 10 billion won worth of new investments. NH Investment & Securities, ATINUM Investment, and Capstone Partners participated as investors, and the payment of the investment will be made among borrowers. Jeong Yuk-gak explained that it will use the newly secured investment to fund the operation of both companies, including its subsidiary Green Village, to accelerate the turnaround into a surplus.

8) DSN Investment To Sell DSNetworth, KR Ventures 'Fresh Start'
DSN Investment, a venture capital sold by DS Networks, a real estate development developer, will start anew as KR Ventures. The largest shareholder of DSN Investment is D in January