Hyo Yoon

Hyo-Hwan Yoon is a long-tenured executive at Korea Venture Investment Corp. (KVIC), the public institution that operates Korea’s Fund of Funds. Korean-language sources identify him as 윤효환. He was part of KVIC from its launch period in 2005: an iNews24 report on KVIC’s official opening listed him among the founding-era fund-management personnel, as a senior investment officer with prior venture-capital experience.

Over the following two decades, Yoon held multiple senior roles at KVIC. Electronic Times reported in January 2024 that he had served as head of the management innovation team, head of investment management, and head of the global division, and that he returned from a regional office role to become head of Fund Management Division 1, the group responsible for the Ministry of SMEs and Startups’ first-round regular fund-selection program.

In August 2024, Dealsite reported that, during KVIC’s CEO vacancy, Yoon, then head of Fund Management Division 1, was understood by the venture-capital industry to be performing a de facto chief investment officer role. In January 2026, Yonhap Infomax/KB Think reported that KVIC reorganized again and that Yoon moved from Fund Management Division 1 to lead the Global Growth/Global Division. Public sources reviewed did not verify his education.

• KVIC is not a conventional angel investor writing personal seed checks. Its core model is to supply public capital into privately managed venture funds, with the government providing capital and KVIC making investment decisions as the specialized manager of the Fund of Funds.
• KVIC’s Korea Fund of Funds is designed to create a stable venture-investment capital supply by recycling returns and reflecting market demand, rather than relying only on annual budget-driven supply.
• KVIC’s fund strategy spans startup lifecycle and policy categories, including early-stage companies, youth-led startups, local/regional companies, M&A, angel investment activation, culture, tourism, film, patents, broadcasting/telecom, healthcare, environment, maritime, urban regeneration, and education.
• For 2025, the Ministry of SMEs and Startups said the Fund of Funds would prioritize a Global Fund of more than KRW 1 trillion, diversify into AI, climate tech, and secondary investments, invest a record KRW 200 billion in regional venture, and increase early-stage startup allocations to KRW 100 billion.
• KVIC’s Foreign VC Global Fund program was created to support overseas expansion by Korean SMEs and venture companies and to upgrade Korea’s VC ecosystem. It backs offshore funds managed by overseas VCs when the fund strategy includes Korean SME/venture investment, overseas LP participation, and key personnel capable of supporting Korean companies effectively.