The Financial Supervisory Service (FSS) has officially launched a 'Venture Capital Investment Platform' in collaboration with Naver Pay to reduce information asymmetry in the venture capital market. The initiative aims to support the activation of venture investments through AI-driven corporate information searches and investment information sharing.
During the launch event for the 'Npay Venture Capital Investment Platform' held at Naver 1784 in Seoul, FSS Chairman Lee Chan-jin expressed hope that the platform would successfully establish itself in the venture capital market and contribute to productive finance and the activation of venture capital supply. He also thanked Naver Pay for its participation in the platform's development.
This platform is a joint effort between the FSS and Naver Pay, designed to alleviate information asymmetry in the venture capital market and expand information sharing between investors and startups. Naver Pay is responsible for the platform's construction and operation, while the FSS and the Ministry of SMEs and Startups will support connections with securities firms, venture companies, and related organizations.
The platform features customized functions for different users.
Securities firms can utilize AI-based corporate information summaries and searches, funding announcements, and a unified fund proposal verification feature at all stages of investment. After investing, they will also have access to real-time investment status by fund, requests for sales reports from venture companies, and investment company history management functions.
Venture capital firms and new technology financing companies can use standardized funding proposal writing tools and receive AI-based customized alerts when IR information for companies in their areas of interest is registered.
Small and venture businesses can create corporate profiles based on IR materials and engage in ongoing investment attraction activities through the platform. Companies registered on the platform will also have their overviews displayed in Naver search results. However, the service is available only to institutional professional investors, excluding individual investors.
In his remarks, Chairman Lee emphasized the importance of resolving information asymmetry among market participants to enhance the efficiency of capital intermediation, stating, "For funds to be smoothly supplied to promising companies, it is crucial to address information asymmetry among market participants." He expressed hope that the platform would operate sustainably based on private sector efficiency.
He further urged securities firms and other capital providers to play an active role in the initial phase, enhancing their evaluation capabilities to discover promising companies and ensuring that small and venture businesses provide accurate and reliable corporate information to facilitate a sustainable investment cycle.
Naver Pay expressed its commitment to building a trustworthy investment environment for companies and investors through the platform, contributing to the development of the domestic venture capital market. The financial investment industry and related associations also expressed optimism that the platform would enhance the convenience of investment and funding, indicating their willingness to actively participate in pilot operations.
Naver Pay plans to conduct a three-month pilot operation following the platform's launch, with immediate improvements to enhance its completeness. The FSS and the Ministry of SMEs and Startups will continue to communicate with the industry to support the platform's establishment.
* This article has been translated by AI.
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