Recruitment of General Partners for Gangnam Startup Fund Formation

In-person Applications at District Office Job Policy Department Until the 19th... Final Selection at the End of March After Written and Face-to-Face Evaluations

[Asia Economy Reporter Jongil Park] Gangnam-gu (District Mayor Jeong Soon-gyun) plans to establish the ‘Gangnam Startup Fund’ within this year to foster startups in the region.

The district is recruiting general partners for this fund until the 19th of this month.

Gangnam-gu expects that the Gangnam Startup Fund, which will be established with a scale of 20 billion KRW, will bring together startups in need of investment within the district, thereby further activating the ecosystem.

In particular, more than 200% of its own capital contribution of 1 billion KRW will be mandatorily invested in companies located in Gangnam-gu to actively support capacity building.

The general partners will be finally selected by the end of March through written and face-to-face evaluations of the applying management companies, and will be responsible for overall tasks related to the Gangnam Startup Fund, including the establishment of venture investment associations.

Applicants can visit the Job Policy Division of Gangnam-gu Office with the proposal and related documents for submission.

Detailed information about the recruitment can be found on the websites of Gangnam-gu Office, Seoul Business Agency, K-Startup Startup Support Portal, and Korea Venture Capital Association.

Meanwhile, Gangnam-gu is preparing various policies to support startups in the region, including planning the ‘2021 Gangnam-gu Startup Recruitment Festival’ in the second half of this year.

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