The Korea Venture Capital Association (VC Association) will support venture capital (VC) in collaboration with the Korea Credit Information Corporation.
On the 20th, the VC Association announced that it had signed a business cooperation agreement to exchange corporate information through the Enterprise Finance Analysis System (EFAS) to support promising small and medium-sized corporations in the VC sector.
This agreement was promoted as part of the 'Corporate Growth Ladder Construction Plan' announced jointly by relevant ministries at last year's Economic Ministers' Meeting. The core is the exchange of information for supporting promising small and medium-sized corporations.
First, the Korea Credit Information Corporation will provide non-financial model-based corporate value information and trend analysis information regarding the growth, profitability, and technology of the industry in which the target investment corporations belong through EFAS.
EFAS is an integrated corporate finance platform that provides various aspects of corporations, including industry and corporate finance exposure trends and growth and soundness analysis results compared to financial supply.
The VC Association plans to identify tasks to analyze the effect of VC's funding on small and medium-sized corporations and will jointly promote these tasks with the Korea Credit Information Corporation.
Kim Hak-kyun, chairman of the VC Association, said, 'I hope the venture investment ecosystem takes another leap forward,' adding, 'We will continue to expand the range of information that VC sectors can utilize, including non-financial information.'