The South Korea Financial Supervisory Service published its 2025 private equity fund management update showing continued growth in the private equity market at year-end 2025. The number of private equity funds rose to 1,195 from 1,137 a year earlier, capital commitments increased 9.0% to KRW167.5 trillion, and actual investments rose 5.8% to KRW124.3 trillion, equal to 74.2% of total commitments. The number of general partners also increased to 455 from 437. New fund formation accelerated during the year, with 211 private equity funds newly registered, up 22.0% from 173 in 2024, while committed capital for those new funds climbed 44.8% to a record KRW27.8 trillion. Total investment deployment reached KRW28.1 trillion in 2025, including KRW23.7 trillion by management participation funds across 343 firms and KRW4.4 trillion in non-controlling investments. Remaining investment capacity, or dry powder, stood at KRW43.2 trillion at end-December 2025, up 19.7% from a year earlier. Non-management participation funds expanded sharply to 128 funds, with committed capital of KRW10.7 trillion and actual investments of KRW5.8 trillion, while realization proceeds across the market rose 11.4% to KRW20.6 trillion and dissolved funds fell to 153 from 164.