Korea VC veteran plans private equity fund

Suh Kap-soo is setting up a vehicle for both domestic and foreign investors looking to tap the hi-tech industry.

Korea Technology Investment Corp, the oldest venture capital concern in South Korea, is now raising money for its first private equity fund.

Korea is being swept by a private equity craze following the lead of Lee Hun-jai, its minister of finance and economy, who is encouraging banks and pension funds to invest in domestic PE in order to reduce the role of foreign players.

Unlike these big institutions, which have zero experience...

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