K-Cube Ventures (CEO: Yu Seung-wun), a mobile and game technology-focused VC firm with particular focus on early-stage startups, announced on March 23 that it will appoint a co-CEO, Shin Min-kyun (43), intending to run its overall operation by two executives.
Shin Min-kyun received both his Bachelor’s and Master’s degrees in Civil Engineering at KAIST. In March 2015, he joined K-Cube Ventures as a partner and established a new investment strategy, leaving his incredible legacy behind as the executive director of Planning & Coordination Office, Business Development and Game Development at NCsoft.
During the announcement, K-Cube Ventures explained its rationale behind this move towards a joint CEO structure: to enable the firm to make more swift, aggressive investments in the midst of a rapidly changing market environment of AI technology. Existing partners, including Shin Min-kyun, and mobile ecosystem experts, plan to focus on accelerating growth by identifying early stage startups with more innovative, disruptive technologies than simply investing in startups with a proven track of product-market validation.
“We are focusing on investing in the most talented people in each field, regardless of whether they have a proven business record or business model, ” said Shin Min-gyun. “We have developed an investment philosophy of investing in talent and will continue to contribute to the growth of the start-up ecosystem in Korea.”
Founded in April, 2012, K-Cube Ventures is one of the leading early-stage VCs located in the tech hub of Korea called Pangyo, with a focus on everything mobile and software. K-Cube Ventures believes in harnessing the power of startups to change the world. K Cube Ventures is fully owned by Kakao Corporation since 2015 yet continues to operate independently.
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