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Richard Uichel JOUNG Managing Director (Korea)

Richard Joung joined JAFCO in 2002 and is currently Managing Director(Korea) responsible for the overall coordination of investment activities in Korea. Richard’s background combines venture capital investment and management consulting with extensive engineering skills. Under his supervision, JAFCO Asia’s Korean office continues to build good reputation. Richard personally closed 14 deals over the last three years. Present board memberships include Pixelplus, Integrant, Digital System, Ramsway, Pentamicro, Mobisol, Prexco, Imagis, Digifriend and LGS. In 2007, he is appointed as a member of the Investment Committee of JAFCO Asia.

Prior to joining JAFCO Asia, Richard worked 3 years as a Management Consultant in the TIME (Telecommunication, Information, Media and Electronics) practice arm of Arthur D. Little (Seoul office), a leading management consulting firm based in Boston.

Before commencing his career in management consulting in 2000, Richard spent four years in the Cooperate R&D Lab arm of Samsung Electronics Co. Ltd. as a system ASIC and application engineer. Samsung Electronics is the leading producer of memory chips, TFT-LCDs, CDMA mobile phones, monitors and VCRs. While in Samsung, he also worked in KAIST, one of the top-tier universities in Korea, as a visiting scholar to develop H.263 and MPEG4 Codec SOC for 1.5 years. He published some research papers and filed a few patents in electrical engineering field. Prior to this, he worked in INTEL and National Science Foundation in the US as a research engineer.

Richard was born in South Korea. He received with cum laude his Bachelor of Science in Electrical Engineering from the New York Institute of Technology and his Masters of Science in Electrical Engineering specializing in Multimedia and Creativity from the University of Southern California. He also enrolled in a Ph.D course. Richard is the inaugural president and current Chairman of the Foreign Institutional Investors Association (“FIIA”), Korea. He is also the advisor of Foreign Investor House (“FIH”), part of a customized government-backed program designed to support foreign investors.