Privacy Policy / VDPD Policy
According to Article 30 of the Personal Information Protection Act, Korea Venture Investment Corp. (“KVIC”) protects the personal data of the data subject and establishes/discloses the following policy to take immediate action on related grievances. Article 1 (Purpose of processing personal data) ①This article states the objective of KVIC processing personal data. The personal data being processed is not used for purposes other than the purposes hereafter. Should the purpose of use be changed, necessary measures such as obtaining separate consent in accordance with Article 18 of the Personal Information Protection Act shall be taken.
1. Creating website account and management
Personal data processed for confirmation of willingness to create an account, identification verification for providing membership services, maintenance and management of membership qualifications, identity verification by enforcement of the real-name system, prevention of illegal use of services, consent of the legal representative when processing personal data of minors under 14 of age, notices, and handling grievances.
2. Processing of civil services
Personal data processed for verifying identity of service applicant, viewing application, contacting/informing for investigation, and notifying result.
3. Personal data processed for <Personal data processing duties of public institutions> and <Processing purpose according to personal data processing duties>
② The registered/disclosed purpose of processing personal data files by KVIC according to Article 32 of the Personal Information Protection Act is as follows:
Number of personal data processing file Name of personal data file Operational basis / Retention period of personal data saved in personal data file for processing
1. Signing up for the website operation policy of KVIC, training application name, username, password, position, date of birth, address, phone number, cell phone number, e-mail address, company name, company address, department, company phone number, fax number, and i-PIN number, until deleting account
※ For disclosure of other personal data file of KVIC, please visit the official personal data portal of the Ministry of the Interior and Safety (www.privacy.go.kr) and go to Personal Data Services → Request to View Personal Data → Use ‘Search Personal Data File’. Article 2 (Processing and retention period of personal data) ①Personal data is processed and retained by KVIC within the period of retention and use of personal data in accordance with laws or within the period of retention and use of personal data agreed upon when collecting personal data from the data subject.
② Each personal data processing and retention period is as follows:
1. Creating website account and management: Until deleting account (until the end date as stated hereafter in the case of the following reasons:)
1) Until the end of investigation, in case an investigation due to violation of related laws is in progress
2) Until the settlement of bonds/debt relations, in case of a remaining bonds/debt relations due to the use of the website
2. Processing civil services: After 3 years from the date of completion of processing
3. Processing/Retention period of personal data in accordance with Article 2 of the Privacy Policy Act: 5 years Article 3 (Provision of personal data to a third party) KVIC will process personal data of a data subject within the purview as stated in Article 1 (Objective of processing personal data), and will provide the said data to a third party only by obtaining consent of the data subject or by special regulation by law, as stated on the Article 17 of the Personal Information Protection Act. Article 4 (Outsourcing of personal data processing) The outsourcing agent and outsourcing work of personal data of KVIC are as follows:
Outsourcing item Outsourcee (company) Details of the outsourcing work Outsourcing period
Infrastructure assets of Venture Investment Comprehensive System and Data Processing System Logos System Outsourcing of services for comprehensive data system for venture investment and integrated maintenance of data processing room 2020.7.1. ~ 2021.6.30.
Angel Investment Matching Fund System Korea Business Angels Association Operation and maintenance of the Angel Investment Matching Fund Application System (program and database) 2020.7.1. ~ 2021.6.30.
Article 5 (Rights and obligations of the data subject and how to exercise these rights) ①The data subject is entitled to exercise the following rights related to personal data protection at any time to KVIC.
1. Request for viewing of personal data
2. Request for modification for any error
3. Request for deletion
4. Request for suspension of processing
② You may exercise your rights to KVIC in accordance with paragraph 1 through writing, telephone, e-mail, or fax. KVIC shall act immediately upon receipt of data with no delay.
③ In the event a data subject requested for modification or deletion of an error in personal data, KVIC shall not use or provide said data until completion of modification or deletion.
④ You may exercise your rights according to paragraph 1 through a legal representative or an authorized individual. In this case, an authorization letter (Form 11 of the Enforcement Rule of the Personal Information Protection Act) shall be submitted.
⑤ The data subject shall not violate the Personal Information Protection Act and other related laws to invade the personal data of the data subject him/herself or the personal data and privacy or other. Article 6 (Items of personal data for processing) ①The items of personal data for processing by KVIC are as follows
1. Creating website account and management
- Required items: Name, username, password, company phone number, e-mail address, i-PIN number
2. Processing of civil services
- Required items: Name, company name, company address, department, position, company phone number, fax number, cell phone number, e-mail address
- Optional items: Entity name, name of the company CEO, business registration no., business type, field, date of birth, resident phone no., resident address, experience, comment
3. The following personal data items may be automatically created and collected while using the online services:
- In the event there are automatically created/collected items of personal data
: IP address, cookies, service use record, browse history, etc. Article 7 (Destruction of personal data) ①KVIC shall immediately destroy without delay the personal data of which the retention period has expired, the purpose of processing has been achieved, or the data is not required anymore.
② In the event the personal data has to be retained in accordance with other laws despite the agreed retention period has expired or the objective of data processing has been achieved, the relevant personal data (or personal data file) shall be transferred to a separate database or another storage.
③ The process and method of destruction of personal data is as follows: Article 8 (Measures for securing safety on personal data) ①For securing safety on personal data, KVIC takes the following measures:
1. Managerial measures: Establishment/exercise of internal management planning; regular training of employees, etc.
2. Technical measures: Management on access to personal data processing system, etc.; installation of secure sockets layer, such as unique identifiable data
3. Physical measures: Access control to data processing room and archive room Article 9 (Designation of Privacy Officers) ①KVIC designated privacy officers who take charge of the general matters in relation to personal data processing, handling complaints of data subjects in relation to personal data processing, and remedial of damages.
▶ Privacy Officer
- Division: Administration & Planning Division
- Position: Director
- Name: Choi Cheol-hun
- Contact: +82-2-2156-2011
▶ Assistant Privacy Officer
- Division: Administration & Planning
- Position: Team Leader
- Name: Hong Geun-ho
- Contact: +82-2-2156-2464
② Data subjects may contact the privacy officers for any inquiry on the protection of personal data, complaints, and matters related to remedial of damages, that occurred while using the services (or projects) of KVIC. KVIC will take immediate action on the inquiries without delay. Article 10 (Access to personal data) ①Data subjects may request to view personal data to the department below, in accordance with Article 35 of the Personal Information Protection Act. KVIC will try its best to process the viewing of personal data as quickly as possible.
▶ Division for the application/processing of access to personal data
- Division: Administration & Planning
- POC: Hong Geun-ho (Team Leader)
- Contact: +82-2-2156-2464
② Apart from the division for the application/processing of access to personal data as stated in paragraph 1, data subjects may request for access via the Ministry of the Interior and Safety’s personal data portal (www.privacy.go.kr).
▶ MOIS Personal Data Portal → Personal Data Services → Request to View Personal Data (personal verification required via public i-PIN) Article 11 (Remedial procedures for infringement of rights) ① Data subjects may inquire on remedial of damages from privacy infringement and request for consultation at the following organizations:
<Please contact the following organizations only when KVIC is not able to assist you on your complaints on personal data, when you are not satisfied with KVIC’s results of remedial of damages, or when you are seeking for further data from what we provide you, as the following organizations have no relation to KVIC.>
▶ Personal Data Portal (operated by the Ministry of the Interior and Safety)
- Roles: Receive reports on infringement of privacy and requests for consultation; provide materials
- Website: privacy.kisa.or.kr
- Contact: +82-2-2100-3394
▶ Personal Information Infringement Reporting Center (KISA Operation)
- Roles: Receive reports on infringement of privacy and requests for consultation
- Website : privacy.kisa.or.kr
- Contact : +82-118 (no area code)
- Address: KISA, 135, Jungdae-ro, Songpa-gu, Seoul, 05717
▶ Personal Information Dispute Mediation Committee (KISA Operation)
- Roles : Personal information dispute settlement application, collective dispute settlement (private settlement)
- Website : privacy.kisa.or.kr
- Contact : +82-118 (no area code)
- Address: KISA, 135, Jungdae-ro, Songpa-gu, Seoul, 05717
▶ Cyber Terror Response Center, Korea National Police Agency (KNPA)
- Roles: Receive inquiries and reports on criminal cases on infringement of privacy
- Website: www.netan.go.kr
- Contact: +82-2-393-9112 (cybercrime); +82-1566-0112 (KNPA) Article 12 (Privacy policy modification) This policy is effective from January 6, 2020.
Please click below for previous privacy policies

Close