The Venture Business Association, Korea Venture Capital Association, and Korea Angel Investment Association announced on the 16th that they held the 'K-VIP DAY' to promote the private venture ecosystem.

The K-VIP DAY, held on the 15th at the t’order headquarters in Yeouido, Seoul, is a networking event planned for the first time by the three venture organizations to celebrate the 30th anniversary of ventures. Venture companies and investors gathered in one place to freely communicate and network. The 'K' represents the three associations, and 'VIP' stands for venture, investment, and partnership.

After the K-VIP DAY event, participants are taking a commemorative photo. From left, the fourth person is Kim Hak-kyun, the President of the Korea Venture Capital Association, followed by Song Byeong-jun, the President of the Venture Business Association, and Cho Min-sik, the President of the Korea Angel Investment Association. /Courtesy of Venture Business Association

Seven promising ventures and startups selected through recommendations from each association participated in the event to present their core businesses. Notably, the format was conducted as reverse Investor Relations (IR), where representatives from venture capital (VC) firms and management companies, including investment leaders, asked questions and introduced their investment directions. Additionally, all attendees, including startups and VCs, engaged in networking sessions, facilitating practical follow-up meetings and discussions on collaboration, transcending individual IR presentations.

Song Byeong-jun, president of the Venture Business Association, said, 'At this moment when we are writing the history of ventures for 30 years together, the most crucial value is ultimately consolidation.' He expressed hope that K-VIP DAY would serve as the starting point for such meetings and an important opportunity for future collaboration.

Kim Hak-kyun, president of the Korea Venture Capital Association, said, 'I believe that today’s exchanges and solidarity will be a significant turning point for the venture ecosystem to regain its vitality, and I will strive to create synergy through more collaboration in the future.'

Jo Min-sik, president of the Korea Angel Investment Association, said, 'The venture ecosystem has grown based not on 'investment' itself but on 'relationships and trust,' and I hope this will be an opportunity to strengthen the relationships between associations, as well as between investors and corporations.'

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