[Abstract]
This study mainly focuses on helping to frame government's venture capital policy by comparing status of domestic venture capital market with that of foreign venture capital market.
Firstly, we've examined the individual status of venture companies, venture capitals, and Kosdaq which constitute venture industry, and analyzed the role of venture capital in domestic economy and the differences of the circumstance of venture capital industry.
The second chapter constituting of 3 paragraphs, covers the status of foreign and domestic venture capital industries, and analysis of the differences.
In the third chapter, we've analyzed the differences of the organization of venture capitals, the investment patterns, the status of exit, and the earning rates by comparing foreign venture industries.
We can expect that findings from this policy study can be referred in the course of changing government's venture capital policy, simultaneously contributing toward establishment of productive venture capital cycle by benchmarking foreign advanced venture capital cycles of fundraising, investing, monitoring, and exiting.
To improve the current problems of the government-sponsored unbalanced fundraising practice, the open access for the public in terms of information about the result of fund management is required which will alternatively reduce possible risks of investment in the venture capital industry. Furthermore, we introduce various skills to solve out these kinds of problems resulted from information asymmetry.