According to the Ministry of SMEs and Startups in South Korea, the aggregate investment in venture capital firms and startups surged to 2.62 trillion Korean won (approximately $1.88 billion) in the first quarter of this year, representing a 34% year-on-year increase. This achievement stands as the second-highest quarterly figure on record, trailing only the 3.98 trillion Korean won recorded in the first quarter of 2022.
