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Will Downsized Korean Biopharma Fund Launch Successfully This Time?

Weak But Improving Sentiment

 
• By Jung Won Shin

Given that previously announced similar programs failed to attract strong investor interest, South Korea is set to create a new biopharma fund but of a smaller target size and lower qualifying thresholds as it continues to support industry development.

new fund
Korea Reflects VC Industry Views To Successfully Create New Fund • Source: Shutterstock

South Korea has created a new KRW150bn ($112m) investment fund to support the biopharma sector after a previous similar initiative with a target size of KRW250bn collapsed due to difficulties finding investors amid depressed market sentiment both at home and abroad.

“The latest fund structure has been changed to rapidly create and begin investment given the recent fall in venture capital investment in the biopharma sector

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