Korea Venture Investment announced on October 2 that it has signed a memorandum of understanding with Amorepacific Holdings to discover and invest in promising K-beauty companies and to promote open innovation.
The agreement aims to identify and nurture promising K-beauty firms while encouraging strategic investments from large and mid-sized companies to expand the influx of industrial capital into the venture investment ecosystem.
Under the agreement, the two organizations will collaborate on open innovation, recommend investment companies, and jointly review investments in promising firms while providing incentives.
Korea Venture Investment described this collaboration as a public-private partnership model where large companies with industry expertise identify and recommend promising firms, and Korea Venture Investment supports their growth through joint investments.
Lee Dae-hee, CEO of Korea Venture Investment, stated, "This agreement signifies the expansion of a foundation for promising companies to grow by connecting the K-beauty industry with the investment market. We will support promising firms identified in the field to receive timely investments and grow into global companies."
Meanwhile, Korea Venture Investment has established the foundation of South Korea's venture investment market over the past 20 years, positioning itself as a key player in policy finance to secure growth momentum.
* This article has been translated by AI.
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