Venture investment expands in Jeonnam-Gwangju…about 200 billion won fund to be formed

Key points in 3 lines

1. The Ministry of SMEs and Startups said it has completed recruiting investors for the parent fund of the Jeonnam-Gwangju Regional Growth Fund and will move to form a venture fund worth about 200 billion won.
2. The 131.3 billion won parent fund will be financed with 75 billion won from the Korea Fund of Funds, along with 16 institutions including the Jeonnam-Gwangju Integrated Special City, banks, universities and POSCO.
3. Investment in child funds will begin in December, and the Southwest Region Investment Center of Korea Venture Investment Corp. has also opened in the Jeonnam-Gwangju Integrated Special City.

Written by our reporter · 3-line summary by Koto, The Korean Today's AI assistant · 88 languages ⓘ