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May 2024
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Korea Post picks DSC Investment for domestic venture capital mandate

Korea Post
By Hui Ching-hoo   
April 19, 2024

Korea Post has chosen local alternatives manager DSC Investment as the winner of a domestic venture capital mandate of up to 30 billion won (US$21.7 million) for its insurance unit that was tendered out six weeks ago.

The government postal agency announced the tender results on its website on April 15.

DSC Investment will manage the investment in the form of a blind fund that will be given 20 billion won-30 billion won of funding. The investment period of the fund is four years.

Sejong-based Korea Post’s is one of the most prolific Korean asset owners in outsourcing investments, with six tenders thus far this year, including for domestic and foreign private equity.

The postal agency has around 150 trillion won of assets under management.

Seoul-based DSC Investment focuses on early-stage venture capital investments, with around $933 million of total assets.