Neoplux, Changes Company Name to 'Shinhan Venture Investment' for a "New Start"

Donghyun Lee, CEO of Shinhan Venture Investment, "We Will Leap to a Top-Tier Venture Capital Firm"

[Asia Economy Reporter Kangwook Cho] Neoplux, a subsidiary of Shinhan Financial Group, announced on the 12th that it has changed its name to ‘Shinhan Venture Investment’.

Shinhan Venture Investment held an extraordinary general meeting of shareholders on the 11th at its headquarters located in Glasta Tower on Teheran-ro, Gangnam, where this decision was finalized.

Shinhan Venture Investment, which became the group’s 17th subsidiary last September, is making a fresh start as a venture investment company bearing the ‘Shinhan’ title through this name change.

As a dedicated venture investment firm, Shinhan Venture Investment discovers startups and small and medium-sized enterprises (SMEs) and supports the strengthening of competitiveness and growth of invested companies by providing necessary capital, management consulting, and management systems at each stage of growth. It is also expanding its role in the group’s innovative growth ecosystem development projects such as the ‘Shinhan N.E.O. Project,’ ‘Shinhan Triple-K Project,’ and ‘Shinhan Futures Lab.’

Collaboration between Shinhan Venture Investment and group affiliates has already begun. In December, the first funds formed after Shinhan Venture Investment became a subsidiary?the ‘Shinhan-Neo Market-Frontier Investment Association No. 2’ (with a fund size of 100 billion KRW) and the ‘Shinhan-Neo Materials, Parts, and Equipment Investment Association’ (with a fund size of 19.9 billion KRW)?successfully completed fundraising with a total of 39.9 billion KRW invested by major group affiliates.

Lee Dong-hyun, CEO of Shinhan Venture Investment, said, "Going forward, by leveraging Shinhan Venture Investment’s expertise in major group-level projects promoted by Shinhan Financial, we will contribute more to creating One Shinhan synergy. We will continuously strengthen Shinhan Venture Investment’s foundation in the industry by forming large-scale funds and strive to lead rapid changes to leap forward as a top-tier venture investment company."

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