International Data Group was the first non-Korean company to set up a corporate venturing firm for nascent companies in the country and will start raising its second $100m fund this year.
International Data Group, a US-based media company, will commit at least $25m in its second Korean corporate venturing fund that will start being raised this year.
Matthew Lee, managing partner at IDG Ventures Korea, the general partner (GP) for the country’s corporate venturing vehicles, by email said: "The target fund size will be $100m and IDG will sponsor at least 25% of [the] total commitment."
IDG traditionally commits the whole amount raised in the first fund for a specific region…
