PitchBook：2025年第一季度韩国私募与风投市场更新报告（英文版）

Market backdrop Over the past three years, South Korea’s equity market has underperformed its global peers, with the Korea Composite Stock Price Index (KOSPI) trailing benchmarks such as the Nikkei 225 and S&P 500. Recent events, ranging from sweeping US tariffs to the political uncertainty following former President Yoon Suk Yeol's declaration of martial law, have further dampened investor sentiment. More importantly, structural concerns continue to weigh heavily on South Korea’s equ