"국감 방어용?"…보수적 잣대에 신생사 추풍낙엽

South Korea's National Growth Fund's conservative approach to manager selection—prioritizing established firms with proven track records over emerging players—exposes a fundamental tension between government risk-aversion and genuine venture ecosystem diversification. As smaller VCs redirect their strategies away from the fund, the venture landscape risks consolidation among large players, reducing the competitive diversity and entrepreneurial risk-taking essential for innovation. This pattern illustrates how policy-driven mandates can inadvertently undermine the very ecosystem dynamism they aim to support.