Korea First Venture Capital Corporation (South Korea)

Operating profit has declined, as earnings from cooperatives have fallen, though earnings through its own accounts have increased. Net profit continued to remain in the deficit, as ordinary balance deteriorated due to reflection of losses from invested asset in financial statements. It manages a sound financial structure by expanding capital through capital increase with consideration, despite cumulating losses. Performance will likely rebound, as a result of the reflection of losses from invested asset, and of special losses due to a damage suit against LIG Fire and Marine Insurance in the previous year. Performance will likely improve thanks to a recovery of the IT industry from the second half, though its profit structure depends on situations on the Kosdaq market, and IPO market, despite uncertainties on the Kosdaq market. It will likely benefit from the government's deregulation, and promotion of overseas investment by venture capital companies, and expansion of investment targets in overseas markets.