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Business and Employment Agency of Daejeon
The Business and Employment Agency of Daejeon was created in 1995 by Daejeon Metropolitan City as a public institution. Its mandate centers on improving...
Business and Employment Agency of Daejeon
The Business and Employment Agency of Daejeon was created in 1995 by Daejeon Metropolitan City as a public institution. Its mandate centers on improving business conditions and employment outcomes in the city. The agency targets early-stage and growth investments through seed, startup and expansion programs. It maintains partnerships with KAIST for 4th Industrial Revolution projects and startup incubation. Confirmed activity includes direct support for venture formation and SME scaling inside South Korea. Geographic reach stays limited to Daejeon and adjacent domestic markets. No public data exists on total deployment size or headcount. The agency operates from multiple sites in Daejeon, including the Daejeon Knowledge Industry Center and the Business Support Center. Baek Un-gyo completed his term as director in late 2025. Public funding from Daejeon Metropolitan City supplies the capital base and defines the mandate, separating the agency from private family offices or independent managers.
General information
Firm type
Government / Public Body
Year founded
1995
Location
Region
Asia
Country
South Korea
City
Daejeon
Corporate office
Daejeon, South Korea
Principals
Baek Un-gyo
Director (CEO)
Sector focus
Frequently asked questions
Who runs investment decisions at the Business and Employment Agency of Daejeon?
Baek Un-gyo served as the third director until late 2025. The agency operates under oversight from Daejeon Metropolitan City as its founding public body.
How does the agency source deal flow?
It draws from local SME networks and collaborations with KAIST on startup incubation. Focus remains on 4th Industrial Revolution initiatives inside Daejeon.
Is the agency structured as a single family office or does it operate more like a venture firm?
It functions as a government public body rather than a family office. Capital originates from Daejeon Metropolitan City and targets early-stage venture and SME support.
Does the agency participate in fund commitments or only direct deals?
Activity centers on direct support for startups and SMEs through consultations and incubation programs. No fund commitments are disclosed in available records.
Where does the underlying funding come from?
Daejeon Metropolitan City established and funds the agency as a public institution.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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