Dong-Su Kim, one of South Korea-based electronics conglomerate Samsung’s most experienced corporate venturers in the US, has joined electronics producer LG to set up a new venture fund.
As general manager of Samsung Ventures America, Kim had led deals for Samsung in more than 20 companies, including Pure Storage and Netlist, which were floated on the New York and Nasdaq stock exchanges respectively.
Other investments included DCG Systems (acquired by FEI), Voltaix (acquired by Air Liquide), Soft Machines (acquired by Intel), IMS Nanofabrication (also acquired by Intel), and NexPlanar (acquired by Cabot Microelectronics).
Henry Chung is managing director of LG Innovation Ventures, the corporate venture capital arm of LG Electronics, but Kim is understood to be setting up a new fund for the firm.