The "Venture Capital Investment Platform," jointly promoted by the Financial Supervisory Service (FSS) and Naver Pay, has officially launched and begun pilot operation.
FSS Governor Lee Chan-jin attended the platform's launch ceremony held Friday at Naver's new headquarters in Seongnam, Gyeonggi Province. "To ensure that funds flow more smoothly to promising companies, it is important to resolve information asymmetry among market participants and improve the efficiency of fund brokerage," he said. "I hope this platform will operate substantively with self-sustaining strength in the venture capital market, based on private-sector efficiency."
The Venture Capital Investment Platform relays information in both directions among suppliers and consumers of venture capital, including securities firms, venture capital (VC) firms, and small and venture businesses. Naver Pay handled the practical development of the platform, while the FSS and the Ministry of SMEs and Startups supported the establishment and linkage of a cooperation system among securities firms, venture companies, and related institutions. Naver Pay plans to conduct pilot operation for approximately three months after the launch.
The platform focuses on supporting functions needed for investment decisions by each type of user, including securities firms, VCs, and venture companies. For securities firms, the platform allows them to review company information before investing and to check unified funding proposals when capital contribution notices are issued. After investing, they can check the real-time investment status of asset managers and collectively request business reports from the venture companies they have invested in.
VCs can use functions for creating and registering standardized funding proposals through the platform. The platform automatically provides notifications to relevant VCs when investor relations (IR) information for pre-registered types of venture companies is updated.
For small and venture businesses that have business ideas but little experience attracting investment, the platform also enables the creation of company profiles based on IR materials. In the early stage of operation, the platform provides only basic verification functions to improve accessibility for startups struggling with fundraising, but it plans to review the advancement of its verification system depending on future operating conditions. Naver has also decided to provide a service that exposes company information at the top of the portal when registered companies are searched.
