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Job Creation Fund
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Job Creation Fund?
- Job Creation Fund is funded by KoFC (Korea Finance Corporation) to invest in SMEs and venture companies in a growth stage with high job-creation potential. Managed by KVIC, the fund is organized in a form of KVF (Korea Venture Fund) based on Special Measures for Promotion of Venture Businesses Act.
- In a FoF structure, Job Creation Fund indirectly invests in SMEs and venture companies through Partnership Funds.
Structure of Job Creation Fund
- KFoF (KVIC) Capital Commitment → Job Creation Fund (managed by KVIC) Job Creation Fund (managed by KVIC) Dividends → KFoF (KVIC) KoFC Capital Commitment → Job Creation Fund (managed by KVIC) Job Creation Fund (managed by KVIC) Dividends → KoFC Job Creation Fund (managed by KVIC) Capital Commitment → Job Creation Partnership Funds (managed by private VC firms) Job Creation Partnership Funds (managed by private VC firms) Dividends → Job Creation Fund (managed by KVIC) Job Creation Partnership Funds (managed by private VC firms) Capital Commitment → Penstion Funds Private Investors Penstion Funds Private Investors Dividends → Job Creation Partnership Funds (managed by private VC firms) Job Creation Partnership Funds (managed by private VC firms) → SMEs SMEs → Job Creation Partnership Funds (managed by private VC firms)
Job Creation Fund Overview
(as of the end of December 2022, unit:USD million)
| Job Creation Fund I | Job Creation Fund II | |
|---|---|---|
| Created in | June 21, 2010 | October 12, 2011 |
| Fund scale | 100 | 89 |
| No. of Partnership Funds |
8 | 8 |
| Fund capitals | 210.8 | 139.2 |
| Investment areas |
|
|
| Fund Duration | 9 years | 9 years |