About the Institute
A private research institute studying venture capital and the capital markets in depth.
The Korea Venture Market Institute (KVMI) is a private research institute studying the law, policy and institutions surrounding venture capital and the capital markets.
By combining hands-on experience in venture investment with academic expertise in capital-market regulation, we present analysis and alternatives grounded in primary sources, with data and methods disclosed, so that market participants and policymakers can make sound judgments. The Institute's research is conducted under the sole responsibility of a single principal researcher, and our work is prepared by giving priority, wherever possible, to primary sources and the text of the law.
What we stand for
A research partner grounded in data and law
We pursue honest research grounded in data and in law and institutions, so that participants in the venture-capital ecosystem can make sound judgments.
Evidence-based research for better institutions
Drawing on empirical analysis and comparative law, we diagnose the state of the venture-capital market and propose evidence-based improvements to policy and regulation.
Milestones
Appointed Advisor, Pension Investment Pool Alternative Investment Advisory Committee
Adjunct Professor, Department of Accounting, Dongguk University / Expert Member, IBK Future Growth Potential Review Committee
Korea Venture Market Institute (KVMI) established (Sep 2021)
Research Fellow, Korea Venture Investment Corp. (KVIC) / Ph.D. in Law (2018)
Researcher, Korea Capital Market Institute (KCMI)
Principal Researcher
Seung-uk Bae Ph.D.
President & Director
A Ph.D. in law (commercial law), Dr. Bae researches the law and policy of venture capital, the capital markets, and digital finance. He conducted policy and institutional research at the Korea Capital Market Institute and Korea Venture Investment Corp., and, as of September 2026, leads KVMI's research, education, and policy analysis, alongside academic societies and university teaching.
Advisory & Committees
- Advisor, Pension Investment Pool Alternative Investment Advisory Committee (2025–)
- Expert Member, Future Growth Potential Review Committee, IBK (2023–)
Current Positions (as of September 2026)
- President & Director, Korea Venture Market Institute (2021–)
- Adjunct Professor, Department of Accounting, Dongguk University (2023–)
- Visiting Lecturer, National Leadership Program, Hankuk University of Foreign Studies (2022–)
Selected Experience
- Research Fellow, Korea Venture Investment Corp. (KVIC), 2018–2021
- Researcher, Korea Capital Market Institute (KCMI), 2015–2018
Areas of Expertise
- Capital Markets Act · Venture Investment Law
- Virtual-asset regulation · Security token offerings (STO)
- Financial regulation · Comparative law
Important Notice
- The Institute conducts general academic, policy and institutional research and institutional research advisory. It does not provide legal advice, representation or legal opinions on individual matters, nor investment advice or solicitation regarding any specific security or financial product.
- Research materials are based on the laws and data available at the time of writing and may change with subsequent amendments to the law or changes in the market.
Research & Advisory Inquiries
Please get in touch regarding commissioned research and institutional research advisory in venture capital and the capital markets.
Contact us