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Pearl Abyss Capital
Pearl Abyss Capital is the venture capital arm of Pearl Abyss, a South Korean game developer listed on the KOSDAQ (263750). The firm has made 17 investments.
Pearl Abyss Capital
Pearl Abyss Capital is the venture capital arm of Pearl Abyss, a South Korean game developer listed on the KOSDAQ (263750). The firm has made 17 investments. Its most recent investment was in Podl as part of the Bridge program on April 06, 2026.
General information
Firm type
Private Equity
Year founded
2018
AUM
Undisclosed
Location
Region
Asia
Country
South Korea
City
Seoul
Corporate office
Seoul, South Korea
Principals
Kyle Kyungyub Kim
CEO / 대표이사
Jinkyun Kim
Executive Managing Director / 투자본부장 / 전무이사
Jaeyong Han
Director / 투자본부 이사 / 공인회계사
Haewon Lee
Chief Risk Officer / 준법감시인 / 상무 / 변호사
Hyeyoung Kim
SVP of Corporate Affairs / 경영관리본부 상무
Sector focus
Frequently asked questions
Who runs investment decisions at Pearl Abyss Capital?
CEO Kyle Kyungyub Kim and Executive Managing Director Jinkyun Kim lead the investment team. Kim's background includes roles at Nexon Korea and Stonebridge Capital; Jinkyun Kim previously worked on IPOs at Korea Investment & Securities and was with SL Investment. Director Jaeyong Han, a certified public accountant, further supports deal evaluation.
Is Pearl Abyss Capital structured as a traditional venture fund?
No. The firm is a permanent-capital vehicle funded directly by publicly traded Pearl Abyss. Without the pressure of fund-return cycles, it can hold positions from seed to Pre-IPO and exit on its own timeline rather than a predetermined fund life. The firm describes this as playing the long game.
Does Pearl Abyss Capital participate in fund commitments or only direct deals?
Both. Beyond its direct portfolio, the firm acts as a limited partner in third-party venture funds. Its disclosed fund commitments include SBVA, MiraeAsset Capital, Hashed Ventures, Bass Investment, Kakao Ventures, and others — a structure that broadens its access to Korean and global deal flow without always leading rounds.
What investment stages does Pearl Abyss Capital target?
The firm invests from seed through Pre-IPO. Its own materials state flexibility across stage, sector, and check size — a posture enabled by its permanent-capital model. Past investments have ranged from early bets like CodeIt and Battlefy to later-stage positions that reached KOSDAQ and KOSPI listings.
How is Pearl Abyss Capital related to Pearl Abyss, the game developer?
Pearl Abyss Capital is the venture-capital affiliate of Pearl Abyss, the Korean game developer behind Black Desert Online. The parent company is publicly listed in Seoul. The firm's Seoul team operates under its own CEO and investment committee, but the balance sheet is ultimately tied to the listed parent.
What are some notable exits from the Pearl Abyss Capital portfolio?
Disclosed exits include HyprSense (acquired by Epic Games), CodeBrick (acquired by Shopee), and Nabu Studio (acquired by KakaoGames). KOSDAQ IPOs include Flitto, Genome&Company, 4by4, and Yujin Technology; d'Alba Global reached a KOSPI IPO. The firm also completed a secondary sale of its Zigbang position.
Does Pearl Abyss Capital maintain any philanthropic or foundation structures?
No philanthropic foundation is publicly disclosed. The firm operates as a venture-capital unit under its listed parent, Pearl Abyss, with a dedicated chief risk officer and compliance function — but there is no separate charitable vehicle identified in public filings or on the firm's website.
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