Korea sets sights on tech M&A

The government is seeding two VC funds given special privileges to invest in Korean IT M&A opportunities.

The Korean Ministry of Information and Communications MIC has seeded two local venture capital firms to invest in information technology MA situations. MIC has put $50 million in two seven-year IT MA funds run by STIC Ventures and KTBnetwork, which are now in the process of raising an additional $25 million each from domestic or foreign investors.

This move may herald a shift in Korea's IT MA industry. The government is keen to see...

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