Gyeongnam Province Launches Full-Scale Investment of 2.3 Billion KRW in Innovation-Driven Companies

Last December, 3 Innovative Companies in Gyeongnam Completed 2.3 Billion KRW Investment

Gyeongnam Province will actively invest in local companies through a startup investment fund.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongnam Province completed its first investment of 2.3 billion KRW last month in three regional innovative companies through the 'Startup Investment Fund' and will begin full-scale investments starting this year.

Last year, the province raised 5 billion KRW for the 'G-Strong Innovation Startup Fund' and 20 billion KRW for the 'Gyeongnam Reverse Innovation Startup Investment Association' through the Startup Investment Fund.

The 'G-Strong Innovation Startup Fund' was completed in November and invested 300 million KRW in Kick the Hurdle Co., Ltd., a health supplement product company.

The 'Gyeongnam Reverse Innovation Investment Association' was formed in December and invested 1 billion KRW each in People & Story Co., Ltd. located in Gimhae City and Giant Chemical Co., Ltd. located in Yangsan City.

The province explained that this investment is significant as it invested not only in technology-based manufacturing but also in innovative companies in various fields such as the digital content industry.

Going forward, the province announced plans to continuously raise funds to secure the necessary investment capital for excellent startup companies and small and medium venture businesses to leap into global companies.

This content was produced with the assistance of AI translation services.