Strategic typology is a useful tool for categorizing as well as understanding the types of strategies to be followed by organizations. A sample of 97 new ventures was classified into four strategic scope/strategic vector. Sample companies that are the members of the Korean Venture Association, are ed as subjects. The data of venture business among them are collected by direct interview and mail survey. The statistical techniques that are used to test proposition were ANOVA.
Venture strategy archetypes that can tended to be distinguished along strategic scope and vector. The archetypes of venture strategy differ with product substitution, venture differentiation, competitive situation, government support, and venture performance. In this respect, this study may help that Korean venture businesses can build their own strategy, and provide with more knowledge for the growth of venture businesses.

After venture capital firms introduced Korea at 1987, the number of firms and amount of fund increased very rapidly. Registered venture capital firms recorded 147 at the end of 2001 and the fund raised 2,940 Billion Won. Even though the investment amount and cases are increasing continuously, the ratio of IT is increasing rapidly, but non-IT is decreasing rapidly. Venture capitals are generally invested on the Early-stage by cases and amount. And on the IT industry, here again, we found venture capitals were invested on the Early-stage by cases and amount. Most of venture capital firms prefer equity acquisition and CB.
But the new technology finance companies prefer stable invest, they invested relatively mature companies, which were already running business good.
Even though government invested to corporate investment for venture capital activation, venture capital did not invested to venture firms, which invested like other financial institutions. The more government involves and the higher scale of investment, the higher the uninvested ratio.

In this research, internationalization processes of Korean high-tech venture firms have been investigated using case study of 16 highly internationalized ventures in the IT industry. Various observance and reasoning about the relationship between internal/external characteristics of ventures and entrepreneurs, and their internationalization process has been discussed in terms of goal, timing, mode, strategy approach, degree and performance of internationalization.
On the basis of this case study, several types of evolutionary process of internationalization are founded. Especially, characteristics of ‘born globals, and international new ventures’, which are going abroad from the very inception of their establishment, and their internationalization strategy are analyzed at the individual, group or firm levels. They will provide the useful cases of developing countries for international entrepreneurship research.
Desirable benchmarking model and guidelines of internationalization, and managerial implications for the venture firms which are getting ready to go abroad are presented. In addition, policy implications for the venture-related organizations such as government authorities, local autonomous entities, and oversea business incubators which support and promote the internationalization of venture firms can be derived.

This study explores the short-term performance of initial public offerings of corporate venture capital-backed firms. The aftermarket performance is empirically examined by utilizing 97 firms listed on the KOSDAQ market from January 2000 to February 2002. We analyse the impact of corporate venture capital through exhibiting the difference in performance, business history, holding ratio between CVC-backed and non-CVC-backed firms. In order to conduct our research, we classify the sample into three groups : corporate venture capital directly-backed firms, corporate venture capital indirectly-backed firms and non venture capital-backed firms. Using ANOVA, the difference on initial returns, business history between three groups is explored. And using t-test method, the change of corporate venture capital's holding between two CVC-backed groups after listing on KOSDAQ is analyzed.
The major results of this thesis are as follows. First, we find that as the time after the listing day passes, corporate venture capital directly-backed firms' excess return shows higher than non-venture capital-backed firms' abnormal return. However, corporate venture capital indirectly-backed firms' return exhibits lower than non-venture capital-backed firms' return. In KOSDAQ's IPOs market, corporate venture capitals could not reduce statistically the information asymmetry between public investors and issuing firms.
Secondly, our empirical analysis shows that the business history of corporate venture capital indirectly-backed firms are shorter than that of non-venture capital-backed firms. But it fails to find that the business history of corporate venture capital directly-backed firms would be longer than that of corporate venture capital in directly-backed firms. This is inconsistent with the result of Gompers(1996) which found the grandstanding in the US IPOs market.
Thirdly, this study also investigates whether there is the difference in the changes of corporate venture capitals' holdings between corporate venture capital directly-backed firms and corporate venture capitalist indirectly-backed firms before and after going public. The holdings of corporate venture capital indirectly-backed firms are decreased more than corporate venture capital directly-backed firms.

The purpose of this study is to analyze the Regional Economic Effects of the High-Tech Venture Business in DaeDeok Valley and thereby structural changes in the economy of Taejon City. using a Regional Input Output Analysis Method(RIOAM) and thereby to analyze structural changes in the economy of Taejon City. As a result, this study has found followings. First, in terms of linkage effects, the industries that have higher investment priorities are in the group of "intermediate-demand type" industries. For the year of 1995, the growing industries were basic metal, electricity and electric equipment, product of pulp and paper, which are mainly in the manufacturing sector. For the year of 2000, however, growing industries were primarily in the service sector such as electricity, gas and water, transport and storage, real estate, and business service. Especially, computer and business machine, electric instrument, media, audio, mobile equipment, and precision tools of the high-tech venture business in DaeDeok Valley would desirable as strategic industries for the regional economy grouth in Taejon. Second, industries in Taejon could be grouped into four sectors such as "growing type", "recovering type", "depressed type" and "declining type", according to the multiplier effects are found to be basic metal, electric instrument, media, audio, mobile equipment, metal product, computer and office machinery products, and communications. In order to promote the economy of Taejon, it is recommanded that investment should be concentrated on the high-tech venture business industries in DaeDeok Valley.