KTB Network
KTB Network (operating as WOORI Venture Partners) is a Seoul-based venture capital firm and wholly-owned subsidiary of Woori Financial Group, investing across early, growth, late, pre-IPO, and PIPE stages in Korean and international technology and growth companies since 1981.
- Company typePublic
- Founded1981
- HeadquartersSeongnam, South Korea
- Headcount51–100
- GTM typeB2B
- OfferingServices
What KTB Network does
KTB Network, operating as WOORI Venture Partners (우리벤처파트너스), is a Seoul-headquartered venture capital firm founded in 1981 as Korea Technology Development Company (한국기술개발주식회사), making it Korea's first-generation VC. The firm was listed on KOSDAQ in November 2021 and became a wholly-owned subsidiary of Woori Financial Group in 2023 following a comprehensive stock exchange approved by 80.83% of shareholders. As of end-2022, the firm managed 19 active funds with a combined size of 1,459 billion KRW and 354 portfolio companies, with a target of reaching 2 trillion KRW AUM by 2024.
WOORI Venture Partners provides venture capital investment services across all company growth stages (Early, Growth, Late, Pre-IPO, and PIPE) and across sectors including Bio & Healthcare, ICT Platform, Mobility, Entertainment & Contents, Chemical & Manufacturing & Semiconductor, Consumer Service, and Metaverse & Software. The firm operates a global network with offices in Seoul, Shanghai, Palo Alto/Silicon Valley, and Singapore, and in February 2024 signed a strategic MOU with Mubadala Capital to expand into Middle East investment opportunities. Its investment methodology emphasizes scale-up investment strategy, active value creation through post-investment management, and an alignment-of-interest operating philosophy backed by compliance systems.
The business model is a standard VC fund management structure. Revenue derives from two streams: recurring management fees on committed AUM and performance-based carried interest from successful exits. The firm has demonstrated a 19.54% IRR across 60 exited funds that distributed 2,148 billion KRW in total to investors. Notable portfolio companies include Toss (Vivarepublica), Woowa Brothers (Baemin), Cellid, Neuromeka, Fantagio, and TAL Education Group. In 2024, the firm achieved approximately 265 billion KRW in operating profit, ranking #1 among Korean venture capital firms. The LP base comprises institutional investors including government pension funds, sovereign wealth funds, and corporate investors, with the firm selected as a blind fund operator for multiple Korean government pension schemes including the Science & Technology Mutual Aid Association and Private School Teacher Pension.
KTB Network firmographics
Firmographics- Name
- KTB Network
- Legal name
- 주식회사 우리벤처파트너스 (Woori Venture Partners Co., Ltd.)
- Website
- https://ktbnetwork.com
- Company type
- Public
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- KTB Network (operating as WOORI Venture Partners) is a Seoul-based venture capital firm and wholly-owned subsidiary of Woori Financial Group, investing across early, growth, late, pre-IPO, and PIPE stages in Korean and international technology and growth companies since 1981.
- Ownership category
- akta.pro rank
KTB Network industry classification
Industry- Product category
- Venture Capital and Private Equity
- NAICS
- Portfolio Management and Investment Advice (52394), Other Financial Vehicles (525990)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where KTB Network is headquartered
LocationHeadquarters
- HQ city
- Seongnam
- HQ country
- South Korea
- HQ region
- Asia
Offices4 records
Markets served
KTB Network business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Management Fees: Annual management fees charged on committed capital under management. Fund management business generating recurring revenue from operating active funds.
- Carried Interest (Performance Fees): Success-based carried interest from successful fund exits. IRR of 19.54% demonstrated across 60 exited funds. Revenue recognition upon successful exits and IPOs of portfolio companies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Fund Management (Management Fees) |
| Outcome Based/ Performance | Multi-year contract | Carried Interest |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
KTB Network product offering
Product offeringCore offering
WOORI Venture Partners manages venture capital funds that invest across all company growth stages (Early, Growth, Late, Pre-IPO, and PIPE) in Korean and international companies. The firm provides venture capital investment services to growth-stage companies and limited partner services to institutional investors, supported by active post-investment value creation through strategic consulting, follow-on investment, and exit management.
Product overview
KTB Network operates as WOORI Venture Partners (우리벤처파트너스), a venture capital and investment management firm and wholly-owned subsidiary of Woori Financial Group. Established in 1981, the company provides venture capital investment services across multiple growth stages (Early, Growth, Late, Pre-IPO, and PIPE) and invests across diverse sectors including Bio & Healthcare, ICT Platform, Mobility, Entertainment & Contents, Chemical & Manufacturing & Semiconductor, Consumer Service, and Metaverse & Software. The company manages multiple venture capital funds and has invested in over 2,000 companies globally with offices in Seoul, Shanghai, Silicon Valley, and Singapore. As a financial services firm rather than a technology product company, the offering consists of investment management and venture capital services rather than software products or technology platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Stage-based Venture Capital Funds Multi-stage venture capital fund vehicles investing in Korean and international companies across all growth stages from early-stage to pre-IPO and PIPE (Private Investment in Public Equity). Targets include 354 active portfolio companies across the seven priority sectors.
- Scale-up Investment Service Dedicated scale-up fund investment strategy identifying high-growth potential companies and nurturing them to unicorn status through series A to D staged investments with continuous large-scale follow-on investments and management consulting support.
- Active Value Creation / Post-Investment Management Post-investment value creation services supporting portfolio companies with strategic consulting, follow-on investment coordination, and exit management to achieve sustainable growth and target returns.
Quantifiable outcome
- 19.54% IRR (weighted average return on payments)
- +4 more outcomes
Companies that use KTB Network
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
KTB Network technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
KTB Network partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered flagship and minor.
- Mubadala CapitalflagshipStrategic partnership through Memorandum of Understanding signed February 28, 2024 between Mubadala Capital (wholly-owned subsidiary of Mubadala Investment Company, UAE sovereign wealth fund) and Woori Venture Partners. The partnership establishes a dedicated working committee to explore mutually beneficial global investment opportunities across various sectors. Mubadala Capital manages approximately $22 billion across PE funds, venture funds, and a diversified evergreen investment strategy.
- Woori BankminorSubsidiary of Woori Financial Group - Korea's first bank established in 1899 with national capital
- Woori Asset ManagementminorSubsidiary of Woori Financial Group managing equity, fixed income, multi-asset and alternative investments
- Woori Private Equity Asset ManagementminorSubsidiary of Woori Financial Group specializing in private equity fund management representing Korea since 2005
Scale indicators13 records
Recent moves13 records
Expansion highlights5 records
KTB Network competitors and assessment
Company assessmentDirect peers
- Korea Investment Partners: Korea Investment Partners (KIP) is one of the largest and longest-established Korean venture capital and growth equity firms, with comparable multi-stage investment scope, similar sector breadth, and direct overlap on flagship Korean unicorns. Closest direct comparable by AUM and franchise maturity.
- IMM Investment: IMM Investment is a major Korean venture capital and private equity firm investing across early-to-growth stages with diversified sector coverage. Comparable to WOORI Venture Partners by deal stage breadth, Korean mid-market focus, and active fund management model.
- Mirae Asset Venture Investment: Mirae Asset Venture Investment is the venture arm of Mirae Asset Financial Group, one of Korea's largest financial conglomerates. Directly comparable to WOORI Venture Partners as a financial-group-affiliated Korean VC with multi-stage, multi-sector investment approach and similar institutional LP relationships.
- Atinum Investment: Atinum Investment is a Korean venture capital firm investing in growth-stage technology and biotech companies with a sector-specialist orientation. Comparable to WOORI Venture Partners on Korean growth-stage focus and vertical specialist positioning.
- Smilegate Investment: Smilegate Investment is a Korean venture capital firm backed by the Smilegate conglomerate, investing in early-to-growth stage startups with sector specialization in gaming, content, and deep tech. Comparable to WOORI Venture Partners as a Korean conglomerate-affiliated VC with multi-stage investment mandate.
- Hanwha Venture Capital: Hanwha Venture Capital is the venture investment arm of Hanwha Group, one of Korea's largest conglomerates. Comparable to WOORI Venture Partners as a Korean chaebol-affiliated VC with multi-stage, multi-sector focus and similar institutional LP backing.
- TS Investment: TS Investment is a Korean venture capital firm investing across early-to-growth stages with sector focus on TMT, biotech, and consumer. Comparable to WOORI Venture Partners on Korean growth-stage investment mandate, sector breadth, and active portfolio management approach.
Regional players
- SoftBank Ventures Asia: SoftBank Ventures Asia is the Seoul-headquartered venture arm of SoftBank Group focused on AI and deep-tech investments across Asia. Comparable to WOORI Venture Partners on regional Korean/Asian early-to-growth stage investment mandate and global LP-backed fund structure.
- Altos Ventures: Altos Ventures is a Korea-origin venture capital firm investing in consumer and enterprise technology companies across the US and Korea. Comparable to WOORI Venture Partners on Korean founder cross-border investing and growth-stage technology focus.
Broad incumbents
- KDB Capital (Korea Development Bank Capital): KDB Capital is the venture capital arm of Korea Development Bank, one of Korea's largest policy financial institutions. Comparable to WOORI Venture Partners as a major state-backed Korean VC with multi-stage investment capabilities and significant fund size, but with broader mandate and policy objectives.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
KTB Network social profiles
Digital presenceKTB Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
KTB Network leadership team
Management profileNumber of profiles
Profiles6 records
KTB Network funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KTB Network M&A and investment
M&A and investmentM&A
Investments85 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about KTB Network
What does KTB Network do?
WOORI Venture Partners manages venture capital funds that invest across all company growth stages (Early, Growth, Late, Pre-IPO, and PIPE) in Korean and international companies. The firm provides venture capital investment services to growth-stage companies and limited partner services to institutional investors, supported by active post-investment value creation through strategic consulting, follow-on investment, and exit management.
Is KTB Network a public or private company?
KTB Network is a public company. It is classified as corporate owned and is currently operating.
When was KTB Network founded?
KTB Network was founded in 1981. It employs 51 to 100 people.
Where is KTB Network based?
KTB Network is headquartered in Seongnam, South Korea, in the Asia region.
How does KTB Network make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Performance Fees).
Who are KTB Network's main competitors?
Direct peers on record are Korea Investment Partners, IMM Investment, Mirae Asset Venture Investment, Atinum Investment, Smilegate Investment, Hanwha Venture Capital and TS Investment. Regional players are SoftBank Ventures Asia and Altos Ventures. KDB Capital (Korea Development Bank Capital) is listed as a broad incumbent.
Does KTB Network have an API?
No public API is recorded for KTB Network.
What industry is KTB Network in?
KTB Network's product category is Venture Capital and Private Equity. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 52394 and its SIC code is 6282.