국민성장펀드 ‘지역전용 리그’, 흥행 폭발…"펀딩 부담 적어"

Korea's venture capital market is experiencing structural realignment as LP capital flows concentrate in the National Growth Fund, forcing mid-sized VCs to compete for regional league slots where government subsidizes up to 60% of fund size and GP commitment requirements are minimal. This concentration reflects broader capital market dynamics where VCs lack alternative funding pathways. Concurrently, the government's '5극3특' regional growth strategy is systematically redirecting policy capital to regional innovation hubs, fundamentally reshaping how venture investment is distributed nationally.