Sequoia, a16z, and five other VC firms sign an MOU with South Korea’s National Pension Service to increase investment in strategic industries such as AI

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Deep Tide TechFlow message. On July 27, according to South Korean media outlet Asiae, Sequoia Capital, a16z, Khosla Ventures, Lightspeed Venture Partners, General Catalyst, and NEA—the six leading Silicon Valley venture capital firms—announced that they have signed a strategic investment cooperation memorandum of understanding (MOU) with Korea’s National Pension Service (NPS). The parties plan to jointly identify investment opportunities, share investment information, and strengthen their global venture capital presence. In addition, the South Korean government is accelerating efforts to introduce policies aimed at attracting overseas risk capital. This is further supported by the launch of the “National Growth Fund,” with a total size of 200 trillion won. The market expects Korea’s venture capital sector to see policy funds, private capital, and overseas capital flowing in at the same time. Strategic industries such as AI and semiconductors are expected to receive more investment. However, industry insiders warn that if large amounts of funds flow into a small number of popular companies, it may push up company valuations and lead to a bubble. In the future, when exiting via IPOs and M&A, there may be valuation correction pressure, which could affect fund return rates.
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