Seoul selects KDB Capital, STIC for Nasdaq fund

Local players seek American private equity partner for groundbreaking tech fund.

The Korean Ministry of Information and Communication MIC has selected a consortium of two domestic venture capital firms as its partners in a $50 million offshore fund designed to list Korean high-tech companies on Nasdaq, or otherwise integrate them into the Silicon Valley landscape.

KDB Capital, the venture-capital arm of Korea Development Bank, and STIC Venture Capital, a specialist in information technology investing, beat rival domestic consortia and are now in talks with American private equity firms to complete the...

To continue reading, please login or register for free

Click for more on: seoul | selects | kdb | capital | stic | nasdaq | fund

Print Edition

FinanceAsia Print Edition

CONFERENCES