JOURNAL OF BUSINESS ENTREPRENEURSHIP & THE LAW
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Implication of U.S. Venture Capital Theories for the Korean Venture Ecosystem | Author: Kab Lae Kim

Implication of U.S. Venture Capital Theories for the Korean Venture Ecosystem | Author: Kab Lae Kim

This study comprehensively analyzes both the implicit contract theory and the venture capital cycle theory. Using the U.S. venture capital theories as the framework, this study diagnoses the fundamental problem of the Korean venture policy. Ultimately, this study suggests a market-friendly venture promotion policy based on private ordering among market players and a virtuous cycle of venture capital supported by active IPO markets.

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