“Next year, the uncertainty in the domestic venture market will be resolved to some extent. Domestic startup investment is also expected to increase compared to this year,” said
Jeong Il-bu, CEO of IMM and CIO of IMM Investment, in an interview with the Korea Economic Daily on the 23rd. “If the domestic stock market stabilizes and there is a virtuous cycle of investment recovery and investment capital securing, the investment market atmosphere will also improve.”
Founded in 1999, IMM Investment’s venture fund assets under management (AUM) amount to KRW 1.4 trillion. CEO Jeong, a founding member of IMM Investment, was appointed as the CEO of IMM, the parent company of IMM Investment, last year. He also serves as the head of IMM Investment’s venture investment division. He has discovered and invested in promising startups such as Forty Two Dot, Furiosa AI, Eco Pro, and Gentle Monster.
This year, IMM Investment invested about KRW 170 billion in startups. This is about KRW 20 billion more than last year (KRW 150 billion). CEO Jeong explained, “This year, we have strengthened our investment in tech companies compared to last year, and in the case of platform companies, we have supported successful companies to grow further through ‘separating the wheat from the chaff.’
This year, IMM Investment has invested in artificial intelligence (AI) companies Dalpa and INEEJI, semiconductor startup Exina, and travel platform company My Real Trip.
