Korea-based electronics group Samsung Group's corporate venturing unit loses managing director Bill Byun to venture capital firm start-up.

Bill Byun, managing director at Samsung Venture Investment, the corporate venturing division of Korea-based electronics group Samsung Group, has left to set up an independent venture capital firm.

Silicon Valley-based Byun has set up 7 Capital, named in respect of the world’s seven continents, to invest in Korea and Asia as well as the US and rest of the world.The new fund comes as a survey of more than 500 VCs expected there to be a fall in the number…