“As Korea’s economy depends on small and medium enterprises and venture firms, we will not hesitate to invest and support them through Hana Ventures and will do our best to help create an innovative ecosystem,” said Hana Financial Chairman Kim Jung-tai.

Corporate VCs directly invest in other private companies.

“Hana Ventures will be faithful to its role as a VC firm and will be a real partner of SMEs by providing initial investments for new technology enterprises,” said Hana Ventures CEO Kim Dong-hwan.

By Park Ga-young (gypark@heraldcorp.com)