KTB Network

Venture Capital and Private Equityktbnetwork.com

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

Venture capital investment
Growth stage funding
Portfolio company support
Pre-IPO investment
Fund management services

Where KTB Network is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers6 records

Segments5 records

Ideal customer profiles3 records

KTB Network technology and API

Technology

Technology 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 signal

Partnerships

Four partnerships are on record, tiered flagship and minor.

Mubadala CapitalflagshipStrategic or Co-development Partner · 28 February 2024Strategic 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 BankminorOthersSubsidiary of Woori Financial Group - Korea's first bank established in 1899 with national capital
Woori Asset ManagementminorOthersSubsidiary of Woori Financial Group managing equity, fixed income, multi-asset and alternative investments
Woori Private Equity Asset ManagementminorOthersSubsidiary 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 assessment

Direct 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 financial estimates

Financial estimate

Revenue estimate

Valuation estimate

KTB Network leadership team

Management profile

Number of profiles

Profiles6 records

KTB Network funding detail

Funding detail

Funding 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 investment

M&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?

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.