IMM Investment: Complete Guide to Korea’s Leading Multi-Asset Alternative Investment Firm (2025)
Published on FOFs.kr | Korea’s Premier Fund-of-Funds Intelligence Source
What is IMM Investment? Executive Summary
IMM Investment Corp. is one of leading multi-asset alternative investment firms in Asia, focusing on venture capital, growth equity and infrastructure. Established in September 1999, IMM Investment Corp. is a leading investment firm in Korea, focusing on venture capital and mezzanine funds. With $7.0 billion of assets under management across three business segments, IMM has established itself as a cornerstone of Korea’s alternative investment ecosystem.
Key Facts at a Glance
- Founded: September 1999 (25+ years experience)
- AUM: $7.0 billion USD
- Portfolio: 433 investments, 171 exits
- Headquarters: Seoul, Gangnam Finance Center
- Notable Investments: Coupang, Krafton, Celltrion, Musinsa, Woowa Brothers
IMM Investment Company Profile: Korea’s Multi-Asset Pioneer
Corporate Overview and Business Model
Company Name: IMM Investment Corp.
Founded: September 1999
Headquarters: Gangnam Finance Center, 5F, 152 Teheran-ro, Seoul
Legal Status: Independent Alternative Investment Firm
Investment Focus: Venture Capital, Growth Equity, Infrastructure
Investment Range: $1 million of seed capital to over $1 billion growth equity/infrastructure capital
IMM Investment’s Mission and Investment Philosophy
IMM Investment aims to provide multi-stage investments to innovative entrepreneurs and support them throughout different stages of growth. The firm’s comprehensive approach spans three distinct business segments:
- 🎯 Venture Capital: Early to late-stage startup investments
- 📈 Growth Equity: Expansion-stage company financing
- 🏗️ Infrastructure: Critical infrastructure asset investments
- 🌏 Global Platform: Three offices (Seoul, Tokyo, and Hong Kong)
IMM Investment Structure: Corporate Ecosystem
IMM Holdings Structure
IMM Holdings, Inc., is a holding company of leading Korean private capital management firms, IMM Private Equity and IMM Credit & Solutions, with IMM Investment as a key subsidiary focusing on venture capital and growth investments.
- IMM Investment Corp.: VC & Growth Equity
- IMM Private Equity: Buyout & Minority Investments
- IMM Credit & Solutions: Private Credit
Team Structure
A diverse and highly experienced team of 70+ investment professionals across three offices collaborate to drive positive changes and generate superior risk-adjusted returns.
- Seoul: Headquarters & Korean market focus
- Tokyo: Japanese market operations
- Hong Kong: Greater China & Southeast Asia
Assets Under Management (AUM): $7.0 Billion Multi-Asset Portfolio
$7.0B
Total AUM (2024)
56
Total Funds
70+
Investment Professionals
Fund Breakdown by Business Segment
IMM Investment Performance: Track Record Analysis
Portfolio Statistics (as of December 2024)
🦄 Coupang (E-commerce Unicorn)
- Status: NYSE Listed (NYSE: CPNG)
- Sector: E-commerce/Logistics
- Market: Korea’s Amazon
🦄 Krafton (Gaming Unicorn)
- Status: KRX Listed (KOSPI: 259960)
- Product: PUBG (PlayerUnknown’s Battlegrounds)
- Achievement: Global gaming success
Notable Portfolio Success: Woowa Brothers
Woowa Brothers, the operator of Korea’s leading food delivery platform Baedal Minjok, secured US$320 million from global investors, making it the latest Korean “unicorn”. The company exited the year with a successful takeover by German company Delivery Hero for $4 billion, representing one of the largest food delivery acquisitions globally.
Investment Strategy: Three-Pillar Approach
💡 Venture Capital Division
We are a leading venture capital firm in Korea with 20 years of history. Our goal is to invest in stellar companies across all sectors and support their growth through our network and follow-on investment.
- Sectors: ICT, Consumer, Life Sciences
- Stage: Early to late-stage and pre-IPO
- Approach: Sector agnostic with active follow-on
📈 Growth Equity Division
Our goal is to generate cash income and capital appreciation for investors via well-structured investment terms, as well as reliable seed assets that provide downside protection and a concrete value-creation plan.
- Focus: Expansion-stage companies
- Flexibility: Differentiated solutions per company
- Value-Add: Fast decisions and follow-on investment
🏗️ Infrastructure Division
We are a leading private infrastructure investment manager in Korea with 20 years of history. Our goal is to invest in infrastructure assets that are crucial to the local economy, as well as those that deliver attractive returns to our investors.
- Sectors: Transportation, Energy, ICT
- Focus: Core-plus and value-added assets
- Geography: Pan-Asian infrastructure opportunities
Global Expansion Strategy
🇰🇷
South Korea
Core market & headquarters
🇯🇵
Japan
Tokyo office operations
🇭🇰
Hong Kong
Greater China & SE Asia
🇮🇳
India
New market with Krafton backing
India Expansion Initiative
Seoul-based IMM Investment, an early backer of Krafton and an investor in roughly half of South Korea’s unicorns, has marked the first close of the India fund. Krafton has invested more than $170 million in the country and earmarked another $150 million for investment.
Recent Developments and Industry Recognition
🏆 Industry Leadership
- IMM is one of the strongest Venture Capital, Growth Equity and infrastructure investment firms in Korea, having invested in six of Korea’s nationally developed “Unicorn” companies
- Member of KDB’s Mega-7 Club roundtable
- Pioneer in Korean alternative investments
💰 Credit Division Success
- IMM Credit & Solutions Inc. has raised nearly 1 trillion won ($728 million) for its first blind credit fund
- Largest blind credit fund ever raised in Korea
- 30+ domestic institutional investors including NPS