Investing Companies Shun Venture Firms.

From: Korea Times (Seoul, Korea) | Date: May 15, 2000 | Copyright information

Mainly due to the lackluster technology-intensive KOSDAQ market, investment companies have begun to avoid pouring money into venture companies, heralding an increase in foreign investors' clout on the market.

Domestic investors have been in sharp contrast to venture capital companies from the United States, Japan and Hong Kong, who have been rolling up their sleeves to increase investment in Korean companies.

Domestic investment companies have been withdrawing from the KOSDAQ market since last month when the market began to see a bearish trend.

Technology-heavy ...

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