BioCentury
ARTICLE | Finance

Korean POC

Korea-Seoul fund jump-starting VC investment in life sciences

November 5, 2012 8:00 AM UTC

The Korea-Seoul Life Science Fund, which closed in January at W75 billion ($67.5 million), has so far invested in six companies and has its sights on up to seven more.

The Seoul Metropolitan Government seeded KSLSF with undisclosed funding and then began a bidding process for general partners to manage the fund. The government required that the fund be co-managed by a U.S. and a Korean VC...