The Korea Venture Capital Association announced on June 4 that fresh venture investment in South Korea totaled 6,494.2 billion won last year.
The figure includes 4,725.9 billion won in non-listed small and venture firms and 1,604.9 billion won in listed and overseas companies. The venture investment-to-GDP ratio rose from 0.19 percent to 0.36 percent. For reference, the ratio was 0.26 percent in China last year.
The total amount of money raised by venture investment funds in 2018 added up to 8,028.9 billion won.
In the meantime, the number of corporations newly established in April this year hit an all-time April high of 9,425 since records began in 2000. The number increased 5.6 percent from a year ago. It was 5,694 in April 2000, 7,895 in April 2017, and 8,926 in the same month of last year.
On June 4, the Korea Venture Capital Association hosted the official launching ceremony of a private venture investment council with the other seven member organizations, which are the Credit Finance Association, the Financial Supervisory Service, the Agriculture Policy Insurance & Finance Service, KDB Bank, Industrial Bank of Korea, Korea Technology Finance Corp., and Korea Credit Guarantee Fund.