Korea Science and Technology Holdings

What Korea Science and Technology Holdings does

Korea Science and Technology Holdings (한국과학기술지주, 'KST') is a private stock corporation established in November 2013 and headquartered in Daejeon, South Korea. It functions as a specialized technology-commercialization holding company, serving as the equity-investment and startup-formation vehicle jointly owned by 18 Korean government-funded research institutes (USTs), including KAERI, KIST, KITECH, KIER, KIMM, ETRI, KERI, KRIBB, KRICT, KIGAM, KICT, KRISS, KISTI, KRRI, KIMS, NSR, KFRI, and KBSI. These institutes simultaneously act as KST's shareholders and as the exclusive upstream source of technologies that KST commercializes through startup formation and equity investment across six sectors: IT, BT, NT, ST, ET, and CT.

KST's product surface is a platform of interconnected investment and support services rather than a unified software product. Core offerings include the Deep Tech Startup Investment Program (equity capital for early-stage deep-tech companies less than 3 years old and tech-innovative companies 3-7 years old), the Deep Tech Startup Planning Challenge Program (operated jointly with NST to provide end-to-end support covering business model development, IP strategy, and investor readiness), Expert Startup Support Services for researcher-founders, and New Business Development Collaboration for SMEs and middle-market enterprises seeking to access public technologies. The underlying technology stack is not proprietary software but rather a curated technology-transfer pipeline: KST ingests R&D output from 18 public institutes, runs cohort-based diligence and incubation, and forms equity-backed portfolio companies around viable technologies. As of June 2025, KST has 169 portfolio companies with 660 billion KRW (~$495M USD) invested cumulatively, 357 billion KRW (~$268M USD) recovered, and 5,227 billion KRW (~$3.9B USD) in follow-on investment attracted to portfolio companies.

KST's business model is investment-led rather than product-led. The firm does not sell software, subscriptions, or services with disclosed pricing; instead, revenue is generated through equity returns from successful exits, follow-on investment gains, and portfolio company growth. The investment review process spans preliminary screening followed by detailed evaluation over approximately 3 months. GTM motion is sales-led but operates through institutional channels: direct investment applications via the company website, joint cohort programs with NST, university partnerships with UST, and strategic alliances with corporates such as Shinhan Capital, Daewoong Pharmaceutical, and Korea Kolmar Holdings. Customer segments span researchers at government-funded institutes (primary), early-stage deep-tech startups 0-3 years (primary), tech-innovative companies 3-7 years (secondary), and SMEs/middle-market enterprises seeking new growth drivers (secondary). KST is led by CEO Choi Chi-ho (최치호), the 4th Representative Director, appointed May 8, 2023.

Name

Korea Science and Technology Holdings

Legal name

Korea Science and Technology Holdings (한국과학기술지주 주식회사)

Website

https://kstholdings.co.kr

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Korea Science and Technology Holdings is a government-backed holding company that commercializes public R&D from 18 Korean research institutes by forming and investing in 169 deep-tech startups across IT, BT, NT, ST, ET, and CT sectors.

Ownership category

akta.pro rank

Product category

Technology Commercialization & Venture Capital

NAICS

Scientific Research and Development Services (5417), Research and Development in the Physical, Engineering, and Life Sciences (54171)

SIC

Patent Owners & Lessors (6794), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Healthcare & Life Sciences Growth Equity (FSANACAB)

akta.pro secondary industries

Science, Technology & Innovation Administration (National R&D Policy) (BPAIAAAK), Technology Transfer & Innovation-Driven Research Universities (High Commercialization) (EDAHABAH)

Keywords

• Technology commercialization
• Deep-tech venture capital
• Technology transfer services
• Startup incubation
• Equity investment platform

Headquarters

HQ city

Daejeon

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Investment returns and capital gains: KST generates returns through equity investments in startups formed around technologies from government-funded research institutes. Revenue comes from successful exits, follow-up investment success, and portfolio company growth. The company has achieved a 78.1% follow-on investment success rate and 96.4% 5-year survival rate for invested companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Korea Science and Technology Holdings is a specialized technology commercialization holding company that provides equity investment and full-cycle growth support (mentoring, business model development, IP strategy, investor readiness) to deep-tech startups formed around technologies sourced from 18 Korean government-funded research institutes. The company targets early-stage enterprises (under 3 years old) and tech-innovative companies (3-7 years old), deploying capital and commercialization services to advance technologies across IT, BT, NT, ST, ET, and CT sectors.

Product overview

Korea Science and Technology Holdings (KST) is a specialized technology commercialization holding company established in November 2013. Rather than a single unified software product, KST operates as a platform of interconnected investment and support services for deep-tech startups. The core offerings include the Deep Tech Startup Investment Program providing capital to early-stage companies, the Deep Tech Startup Planning Challenge Program offering end-to-end support (business model development, IP strategy, investor readiness), Expert Startup Support Services for researchers establishing ventures, New Business Development Collaboration for SMEs, and Strategic Business Development leveraging technologies from 18 government-funded research institutes. The company manages 169 portfolio companies across IT, BT, NT, ST, ET, and CT sectors, supporting ventures from technology discovery through startup formation to successful exit. The KST2.0 Initiative with BIG KST vision represents the company's strategic framework for becoming a global deep-tech startup hub.

Differentiator

Problem solved

Functional benefit

Products and services

• Technology Commercialization Services Core services for commercializing technologies from 18 government-funded research institutes, including technology discovery, integration, and startup formation support for researchers and entrepreneurs.
• Deep Tech Startup Investment Program Investment program targeting early-stage deep-tech companies less than 3 years old, with support for established tech-innovative companies up to 7 years, focusing on technologies from government research institutes.
• Deep Tech Startup Planning Challenge Program Cohort-based program providing end-to-end support including business model development, intellectual property strategy, and investor readiness, with an industry-demand-based open innovation track.
• Expert Startup Support Services Capital investment and growth support for experts and researchers preparing to establish technology-based startups, covering the full startup lifecycle from founding to exit.
• New Business Development Collaboration Collaboration and consulting services for SMEs and middle-market enterprises to discover new growth drivers and develop new business opportunities using public technologies.
• Strategic Business Development Convergence-based strategic initiatives led by KST to create growth drivers through integration of public technologies from 18 research institutes.
• Portfolio Company Support Services Ongoing support for portfolio companies including fundraising assistance, technology support, marketing services, and full-cycle return optimization.
• Investment Review Application System Online application system for startups seeking investment, allowing submission of investment review requests with supporting documents.

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered flagship and core.

• Asia BerlinflagshipStrategic or Co-development Partner · 27 November 2024Partnership for global expansion of deep-tech startups. Aims to support Korean deep-tech startups in entering European markets and accessing international innovation ecosystems.
• Daewoong PharmaceuticalcoreStrategic or Co-development Partner · 24 July 2024Partnership for unicorn company cultivation combining pharmaceutical industry expertise with deep-tech startup support.
• Korea Kolmar HoldingscoreStrategic or Co-development Partner · 24 July 2024Partnership for unicorn company cultivation with consumer goods and healthcare industry connections.
• National Research Council of Science & Technology (NST)flagshipStrategic or Co-development PartnerJoint operation of Deep Tech Startup Planning Challenge Program targeting researchers in government-funded institutes. Provides end-to-end support including business model development, IP strategy, and investor readiness. Previous cohorts produced 13 funded pre-startup teams, 9 incorporated companies, and 5 investment deals.
• University of Science and Technology (UST)coreStrategic or Co-development PartnerUST appointed KST head Choi Chi-ho as special faculty member in entrepreneurship. Partnership includes planning and operating UST's Start-up Track, guiding entrepreneurship curriculum, mentoring students, and supporting commercialization efforts.
• Korea Atomic Energy Research Institute (KAERI)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Korea Institute of Science and Technology (KIST)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Korea Institute of Industrial Technology (KITECH)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Korea Institute of Energy Research (KIER)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Korea Institute of Machinery & Materials (KIMM)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Electronics and Telecommunications Research Institute (ETRI)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Korea Electrotechnology Research Institute (KERI)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Korea Research Institute of Bioscience & Biotechnology (KRIBB)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.
• Korea Research Institute of Chemical Technology (KRICT)flagshipOthersMajor shareholder and technology source. One of 18 government-funded research institutes whose technologies KST commercializes through startup formation.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Oxford University Innovation: Technology transfer and venture arm of the University of Oxford, commercializing IP through licensing, spin-offs, and equity — operates the same research-to-company pipeline as KST, and is a frequent cross-border model for institute-based tech transfer.
• Fraunhofer Society: Germany's largest applied research organization with a long-standing, large-scale program of commercializing government-funded research via licensing, spin-offs, and industry partnerships — the closest international analogue to KST's 18-institute commercialization mandate.
• Battelle: US nonprofit that manages major national laboratories and commercializes federally-funded research through licensing and industry partnerships — the closest US analogue to KST's mission of monetizing public research outputs through private-sector vehicles.
• Korea Venture Investment Corporation (KVIC): Korean government-affiliated venture capital firm that invests in Korean early-stage and growth-stage technology companies using public-policy-driven capital, mirroring KST's mission of channeling government-backed funding into Korean deep-tech ventures.
• Max Planck Innovation: Technology transfer arm of Germany's Max Planck Society, commercializing IP from government-funded basic research institutes through licensing, equity investment, and spin-off formation, with a portfolio model directly comparable to KST.
• Cambridge Enterprise: University of Cambridge's technology transfer and venture investment arm, commercializing research through spin-offs, licensing, and equity stakes — analogous to KST's pipeline-driven deep-tech venture building model, though anchored to a single university rather than 18 institutes.

Broad incumbents

• KB Investment: Major Korean venture capital and growth-equity firm that invests broadly across Korean startups and scale-ups in deep-tech and adjacent sectors — a private-market competitor with comparable scale and Korean deep-tech focus to KST.
• Mirae Asset Capital: Major Korean venture capital and private equity firm investing across Korean tech sectors including deep tech — a private competitor that competes with KST for the same founder and technology pool, though without KST's exclusive institute pipeline.
• Korea Development Bank (KDB): Korean state-owned policy bank that provides equity investments, venture financing, and growth capital to Korean technology companies — a broader incumbent with overlapping government ownership and Korean deep-tech investment activity but a much wider sector remit than KST.

Others

• KAIST (Korea Advanced Institute of Science and Technology): Korean government-funded research university with a substantial in-house tech transfer office and deep-tech spin-off activity — an adjacent ecosystem participant whose researchers and IP outputs intersect with KST's investment universe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries145 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments29 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Korea Science and Technology Holdings