The FSC named 18 private firms as fund managers of the Growth Support Fund, which aims to raise KRW 3 trillion this year to support the growth of start-ups. The fund is part of the FSC’s scheme to create a financial ecosystem that funds innovative start-ups to grow into scale-ups to exits, creating a virtuous cycle of capital.

The fund plans to create a total of KRW 8 trillion in three years, with public and private investments. To encourage private investors to take an active role, 60% of the fund will be financed by private investments. The fund will be invested into each league of start-ups, categorized according to business cycle: venture, growth, scale-up and rookie.

* Please refer to the attached PDF for details.