Venture Enterprise Glossary
Key terms related to Korea's venture enterprise system, explained clearly.
Accelerator (AC)
Accelerator (AC)
Organizations providing investment, mentoring, education, and networking to early-stage startups, r…
General Partner / Limited Partner
General Partner / Limited Partner
GP (General Partner) manages the fund; LP (Limited Partner) provides capital as an investor.
Korea Business Angel Network
Korea Business Angel Network
Organization issuing angel investment income deduction confirmations. Handles angel fund registrati…
Korea Technology Finance Corporation (KIBO)
Korea Technology Finance Corporation (KIBO)
Public institution providing technology guarantees and assessments to technology-based SMEs and ven…
Korea Venture Business Association (KOVA)
Korea Venture Business Association (KOVA)
Association for protecting venture enterprise interests and developing the venture ecosystem.
Korea Venture Capital Association (KVCA)
Korea Venture Capital Association (KVCA)
Association for self-regulation and development of the venture capital industry in Korea.
Korea Venture Investment Corp. (KVIC)
Korea Venture Investment Corp. (KVIC)
Government fund-of-funds operator. A key capital source for the venture investment ecosystem.
Ministry of SMEs and Startups (MSS)
Ministry of SMEs and Startups (MSS)
Central government agency overseeing SME and venture enterprise policy in Korea.