Why do public KOSDAQ venture funds get a higher weighting in allocation?

Shortly after the 2018 launch, money flowed mainly into private funds, and critics pointed out that the practice of allocating shares regardless of fund size favored small private funds.

In its 'Balanced Growth Measures for KOSDAQ Venture Funds' at the end of April that year, the Financial Services Commission said it would allocate shares taking net assets into account and allow additional shares for public funds. The aim was to help public funds, where the need for investor protection is greater, invest smoothly in listed shares centered on IPO shares.