[THE INVESTOR] SoftBank Ventures Korea, venture capital arm of the SoftBank Group, on May 3 said it has promoted Managing Director Lee Joon-pyo as its next chief executive.
He will replace Moon Gyu-hak, who will move to SoftBank Vision Fund, the US$100 billion tech fund led by Masayoshi Son.
SoftBank Ventures Korea CEO Lee Joon-pyo |
“We plan to discover promising tech startups in various fields and locations and will continue to work closely with SoftBank’s global network to support the growth of startups,” Lee said in a statement.
Lee is a startup veteran who founded his first startup Evixar, while studying at the Korea Advanced Institute of Science & Technology. The PC software firm, which was funded by SoftBank Ventures, was later sold to LG U+. He then served as a director of business development at GOM TV operator Gom & Co. and established another startup Enswers, a video-search firm which was later acquired by KT. In 2015, he joined SoftBank Ventures and led investments in many startups, including MyMusicTaste, Balance Hero, Lunit and twoXAR.
By Ahn Sung-mi (sahn@heraldcorp.com)