Assemblyman Song Gap-seok: "Government Mother Fund Investment Rate in Gwangju Region Lowest Nationwide"
[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] It has been revealed that the investment rate of the government-established mother fund for the innovative growth of new growth companies and venture companies in the Gwangju region has remained among the lowest nationwide over the past 10 years.
On the 26th, according to the 'Recent 10-Year Mother Fund Investment Status by City and Province' submitted by the Ministry of SMEs and Startups to Assemblyman Song Gap-seok (Democratic Party of Korea, Gwangju Seo-gu Gap), the mother fund investment amount in Gwangju ranked 13th out of 17 metropolitan cities and provinces nationwide.
The mother fund is a method where investors invest in a fund rather than individual companies. Since 2005, the government has formed the 'Small Business Investment Mother Association' to support the activation of investments in early-stage startups and unlisted venture companies lacking funds.
From 2010 to July 2020, Gwangju received 108.2 billion KRW in investments, accounting for only 0.8% of the total investment amount of 13.5782 trillion KRW.
In particular, from last year to July this year, 3.8367 trillion KRW was invested nationwide, but the investment scale in the Gwangju region was only 22.5 billion KRW, which is 0.6% of the total.
The mother fund investment amounts in Jeonnam and Jeonbuk also remained among the lowest ranks. Over the past 10 years, the total investment amounts in Jeonnam and Jeonbuk were 72.7 billion KRW and 118.3 billion KRW respectively, with Jeonbuk accounting for 0.9% and Jeonnam 0.5% of the total investment funds.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Assemblyman Song Gap-seok said, “Due to the regional bias in mother fund support, venture companies in the Honam region, including Gwangju, are facing difficulties in growth,” and added, “To achieve a second venture activation in the region, the mother fund investment rate must be increased.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
