Underdogs Speeds Up IPO with Financial Experts Onboard

Underdogs Decisively Appoints Jung Jae-hyun, Former CFO of Levu Corporation, to Accelerate IPO and Innovate Management Underdogs, a leader in impact entrepreneurship education, has appointed Jung Jae-hyun, former Chief Financial Officer (CFO) of Levu Corporation, as its new Vice President to fully initiate its initial public offering (IPO) and innovate its management system. Underdogs, a social enterprise certified by the Ministry of Employment and Labor, has successfully fostered over 20,000 entrepreneurs and more than 2,600 teams over the past decade, leading an action-oriented startup ecosystem. Recently, it has boldly expanded its business scope beyond entrepreneurship education to become a comprehensive ESG solution company, and is strengthening its international influence by operating global talent development programs in major Asian countries such as Japan and India. In particular, keeping pace with the AI era, it is accelerating the creation of a regional developer ecosystem through the acquisition of 'F-Lab,' a local tech talent development platform. The newly appointed Vice President, Jung Jae-hyun, is a veteran with a distinguished career in the financial sector and successful IPO experience. He gained recognition for his expertise by performing extensive investment and operation duties in the private equity (PE) and mergers and acquisitions (M&A) fields for approximately 15 years at the IPO divisions of Daewoo Securities and Korea Investment & Securities. Notably, after joining Levu Corporation in 2022, he led a successful IPO in just 1 year and 6 months, and achieved the remarkable feat of growing operating profit by 67%, from 4.5 billion won to 7.5 billion won, through business portfolio reorganization via the acquisition of Shott. This appointment of Vice President Jung clearly demonstrates that Underdogs' management system advancement and IPO preparations are now on a full-fledged track. Moving forward, he will oversee the overall financial strategy formulation, management system innovation, and IPO preparations for Underdogs, and will lead the execution of Underdogs' mid-to-long-term growth strategies, including strengthening ESG areas and expanding into global markets. Vice President Jung Jae-hyun expressed his aspirations, stating, "Based on Underdogs' leading social impact, we will not only advance into the ESG sector and global markets but also lead the AI transformation of the startup ecosystem both domestically and internationally." He added, "We will establish robust financial strategies and a transparent management system to build a trustworthy corporate foundation in the mid to long term," raising expectations for Underdogs' future.