Lee Chan-jin, Governor of South Korea's Financial Supervisory Service (FSS), attended the launch of the Naver Pay Venture Capital Investment Platform on the 7th in Seongnam City. Lee emphasized that the platform aims to reduce information asymmetry between capital suppliers and recipients in the venture capital market, stating he expects it to successfully contribute to productive finance and venture capital supply activation. The platform was developed through a public-private collaboration model, with Naver Pay leading development and the FSS and Ministry of SMEs and Startups providing support, addressing the growing challenges faced by securities firms and other entities with venture capital supply obligations in discovering investment targets.
FSS Explains Platform Development Rationale
Lee Chan-jin stated that the FSS determined market infrastructure was necessary for information sharing between capital suppliers and recipients in the venture capital market. He explained that the initiative was pursued as a public-private collaboration model to ensure the new infrastructure could operate practically with self-sustainability based on private sector efficiency, with Naver Pay leading development and the FSS and Ministry of SMEs and Startups supporting activation.
The FSS Governor emphasized the critical role of capital suppliers in the platform's early stages, stating that active participation from capital suppliers is most important for the platform's success during the initial launch period. Lee requested that securities investment companies, venture capital firms, and new technology business finance companies play an active priming role to create a virtuous cycle where venture capital supply expands and SMEs and venture companies increasingly utilize the platform.
Lee also called on capital suppliers to strengthen their investment screening capabilities to select and discover companies with high growth potential. He requested that SMEs and venture companies, as capital recipients, actively cooperate to enable expanded venture capital supply by providing accurate and reliable corporate information.
Platform Provides Differentiated Features for Institutional Investors
The venture capital investment platform launched on this day is an investment information sharing infrastructure jointly promoted by the FSS and Naver Pay. The platform was introduced as difficulties in discovering investment targets grew among securities investment companies and others with venture capital supply obligations.
For securities firms, the platform provides corporate information search and viewing functions, artificial intelligence (AI) summary capabilities, and real-time investment status viewing of already-invested funds. For venture capital firms and new technology business finance companies, the platform supports standardized funding proposal creation tools and customized company notifications. For SMEs and venture companies, the platform provides profile creation functions and company overview exposure when searched on the Naver portal.
The platform can only be used by institutional professional investors with independent investment screening capabilities, and retail investors cannot use it.
Naver Pay Plans Three-Month Pilot Operation
Naver Pay plans to conduct a pilot operation for approximately three months after launch to improve the platform's completeness.
FAQ
What is the purpose of the Naver Pay Venture Capital Investment Platform launched by FSS Governor Lee Chan-jin?
The platform aims to reduce information asymmetry between capital suppliers and recipients in the venture capital market by providing investment information sharing infrastructure. Lee Chan-jin stated he expects the platform to successfully contribute to productive finance and venture capital supply activation.
Who can access the Naver Pay Venture Capital Investment Platform?
The platform can only be used by institutional professional investors with independent investment screening capabilities. Retail investors cannot use the platform. Securities firms, venture capital firms, new technology business finance companies, and SMEs and venture companies have access to differentiated features based on their roles.
