“This will become the second hive”… The reason why the first generation of startups chose “Teddy Company” [인터뷰]

2024-04-19 01:48:12

“First generation venture capitalist” Park Yeon-chae, CEO of Saehan Startup Investment

Former Vice President of Kiwoom Securities…Using Institutional Sales Know-How

Diversification of investment areas… Watch out for K-enter and the pet industry

Park Yeon-chae, CEO of Saehan Startup Investment.

“Producer Teddy, who created The Black Label, and PD Kim Tae-ho, who founded content production company Theo, have similar personalities. “The global mentality as well as the pursuit of pure entertainment fits our company perfectly.”

Park Yeon-chae, CEO of Saehan Startup Investment, said in an interview with Maekyung.com at the headquarters of Saehan Startup Investment in Gangnam, Seoul on the 18th: “After initially focusing on technology services In the wake of information (IT) and the exit of gaming companies (investment takeover), we have recently turned our attention to the entertainment and pet sectors. “We will diversify our sources of investment,” he said.

In particular, he believes that the growth potential of the entertainment industry is high, adding: “Competition has become too fierce in IT services and games,” adding: “Entertainment is just beginning and the Korean wave , including K-pop, will expand. abroad over the next 10 years.

Saehan Investment Corporation has expanded its investment field in the entertainment field by participating as an early investor in The Black Label and production company Theo since 2021. CEO Park explained: “The Black Label has the potential to grow to the level of a hive if managed well,” adding, “Teddy is influential because he produced albums by Big Bang and 2NE1. »

Saehan Investment, founded in 1989, is Korea’s first generation venture capitalist (VC) and is known as a “silent powerhouse” in the venture capital investment market. He, who rose to the leadership position on the 1st, is a former “orthodox securities man” with regarding 30 years of experience in the securities industry.

It is unusual for a securities specialist to become the head of the venture capital industry. It appears that he was highly regarded for his know-how and expertise in research and institutional sales. CEO Park said: “So far, we have gathered and invested mainly from individual investors, so there are almost no funds from institutional investors,” and promised: “We will focus on institutional LPs and develop ourselves into a balanced venture capital firm.

CEO Park rose to fame as a “long-time research center director” who led Kiwoom Securities’ research center for 11 years. He joined Hanil Investment Trust in 1989 as its first public recruiter, worked at Merrill Lynch Korea in 1995, Hannuri Securities in 2003 and joined the group as the first director of the research center in 2006. Since 2017, he has been in charge of the Sales and Trading (S&T) division, and was promoted to vice president in 2020.

The venture capital investment market is weakened due to prolonged high interest rates. He said: “If interest rates fall in the second half of this year, the virtuous cycle of funds will occur in the first half of next year,” he stressed.

Saehan Investment is an investment company that initially discovered global gaming companies such as Krafton and Roblox, as well as Coupang and Woowa Brothers (Baedal Minjok). There are currently a total of 18 funds in operation and the size of assets under management (AUM) is approximately 450 billion won.

The investment area that CEO Park has recently focused on is the pet industry. He said: “There is a lot of interest in pets in our country, but there are very few related businesses. » He added: “As the pet market grows globally and has endless potential, we are looking. ” in it.”

Saehan Investment also participates in the investment in Viva Republica (Toss). His analysis is that the sooner Toss launches its IPO, the sooner it will help ensure competitiveness. Indeed, it is important to operate following obtaining capital.

Big expectations regarding the Toss list were also revealed. He said: “The bank also takes a unique approach and, given the passion of its members, there is a lot of potential,” and added: “Toss has a strong experimental spirit to challenge areas that have not not been attempted in Korea. before then, existing financial institutions will therefore have to be nervous.”

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