Henry Chung (pictured), vice-president of corporate venture capital in California for electronics manufacturer LG Electronics, has moved to head carmaker Hyundai’s Cradle Silicon Valley unit.
The role will also involve Chung taking a senior vice-president position. He spent 10 years at LG Electronics and led teams responsible for venture capital activities in North America and engaging in open innovation activities with venture-backed startups, top universities, accelerators and national laboratories.
LG Electronics hired Ray Schuder as managing director of corporate venture capital in 2019, to join Chung and Robert Cha, while Dong-Su Kim joined as CEO of LG Technology Ventures, a $400m corporate venturing vehicle set up by the company the previous year.
Before his time at LG Electronics, Chung spent four years as a director of SVB Capital’s direct investment team.
