Sang Han, partner at East Ventures’ South Korea fund / Photo credit: East Ventures
East Ventures has appointed Sang Han as its first partner for its South Korea fund, which was launched in October in partnership with Seoul-based VC firm SV Investment.
According to Han’s LinkedIn profile, he has worked in venture capital from as early as 2005, when he was an assistant vice president at Walden International for Singapore and Beijing.
Prior to joining East Ventures, Han was a partner at Cento Ventures. He was also a senior executive director at Vertex Ventures and a managing director at Temasek Life Sciences Accelerator.
“Leveraging extensive experience in both Korea and Southeast Asia, we believe Sang stands as an instrumental addition to our team in connecting corridors for our investments and funds between these regions,” said Willson Cuaca, co-founder and managing partner at East Ventures.
East Ventures and SV Investment aim to raise US$100 million for the South Korea fund. It will target local firms in sectors such as biotech and healthcare, future mobility, greentech, as well as media and content.
The fund also aims to help South Korean companies go public in international markets and increase knowledge-sharing.
Founded in 2009, East Ventures has invested in more than 300 tech companies across Southeast Asia, from the seed stage to the growth stage. It has been an early backer for companies such as Tokopedia, Traveloka, Ruangguru, ShopBack, Waresix, and Xendit.
Earlier this month, the VC firm teamed up with Indonesia’s chamber of commerce and industry as well as research firm WRI Indonesia to launch Ecovisea, a free global greenhouse gas calculator for businesses in Indonesia.
See also: Wish for tech winter to last longer: Peak XV’s Shailendra Singh
Editing by Putra Muskita and Jaclyn Tiu
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