Daehong Technew was founded in 1988 and based in Seoul, South Korea. The company was a wholesale distributor of electronic parts, including semiconductors and displays, and electronic communications equipment.
From March 2004 to April 2012, Daehong Technew made investments in virtualization software companies, including NComputing and Anta Systems. In 2009, Daehong Technew founded Booga Ventures, based in San Mateo, California, to act as their venture capital arm and bridge the gap between Daehong Technew and startups in the United States. Booga Ventures also offers portfolio companies short term office space.