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The Venture Codex

Korea

5th Floor, VR Building, 16, Seocho-daero 45-gil, Seocho-gu, Seoul, 06595, South Korea

Overview

KVIC invests in VC funds globally, managing the 'Korea Fund of Funds' backed by Korean governments.

Total investments
3
Lead investments
1
Investments · 12mo
2
Active investors
1
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Investment portfolio

  • RXC

    Participated · Series A · Jan 2026

    RXC’s PRIZM platform blends high-definition livestreams and short-form videos with brand storytelling and promotions to drive commerce. The company reported ₩1,500 billion in gross merchandise volume last year, a three-fold increase year over year, while more than halving its losses. Recent monthly GMV exceeds ₩200 billion and the average order value is around ₩1.5 million. PRIZM has accumulated 1 million registered users and delivers standout sales in luxury hotel stays and premium travel packages, including single-hour broadcasts that generated up to ₩60 billion in sales. Its global content arm has livestreamed major Korean award shows to 15.5 million viewers, adding roughly 3 million international subscribers. Looking ahead, RXC plans to broaden into media, video advertising and K-culture ticket bundles to reinforce a virtuous cycle between content and commerce.

  • The Plug Drink

    Led · Equity · Oct 2025

    Founded in 2019 by brothers Ray and Justin Kim, Los Angeles-based The Plug Drink produces plant-based, all-natural liver health supplements built around a proprietary herbal recovery formula. Its flagship beverage, The Plug Drink, was joined by The Plug Pill Jar in June 2025, broadening the brand’s delivery formats. The company sells online and, as of September 2025, is stocked in every Total Wine & More store nationwide, deepening mainstream retail penetration. Executives are executing projects to lift gross margins by 40% and are experimenting with new packaging and ingestion methods to keep consumers engaged. The Plug notched its first profitable month in August 2025 and recently partnered with a $500 million nutrition telehealth company to extend reach and education. With a focus on education, product innovation, and accessibility, the brand aims to become a household name in functional wellness. Investor support now totals $5 million, positioning the company for accelerated marketing and additional retail rollouts.

  • MORAI

    Participated · Series A · Nov 2020

    Morai provides full-stack autonomous vehicle simulation solutions that automatically convert HD map data into digital twins to create large-scale simulation environments. The company serves over 100 customers, including corporate clients such as Hyundai Mobis, Hyundai AutoEver, Naver Labs, and 42dot, and institutions like KAIST and the Korea Transportation Safety Authority. Morai has formed partnerships with global vendors including NVIDIA, Ansys, and dSPACE. Founded in 2018 and led by CEO Jiwon Jung, the company has established a US office in the Bay Area and plans to open offices in Germany, Japan, and Singapore to expand its global presence. Morai intends to use recent funding to expand operations, advance development efforts, and apply its autonomous vehicle simulation technology to other verticals such as urban air mobility (UAM). The company has raised a total of USD 25m to date following a USD 20m Series B. Morai builds a simulation platform for verification and validation of autonomous vehicles, offering testing environments that range from complex city streets to warehouses and shipping yards. Its tools enable engineers to reproduce and test complex edge cases efficiently. Since its initial seed funding round, Morai has started partnerships with more than 30 organizations in and outside Korea. The company completed multiple proof-of-concept programs this year, joined the Automated with Velodyne program in May, and opened a branch office in San Francisco in July. Morai is led by CEO and co-founder Jiwon Jung and is a member company of Born2Global Centre and Sejong Technopark. The company intends to use its latest funds to continue developing its simulation software, scale the platform, and expand outreach to international customers and partners.

Team