Samsung Engineering Invests 30 Billion KRW in Venture Investment Fund to Accelerate ESG Commercialization

[Asia Economy Reporter Jeong Hyunjin] Samsung Engineering announced on the 18th that it will invest approximately 30 billion KRW in a venture investment fund to secure and commercialize hydrogen and carbon neutrality technologies.

Samsung Engineering stated through a public disclosure on the same day that it will invest in the 30 billion KRW-scale new technology business investment association (SVIC No. 51) established by Samsung Venture Investment Corporation. This investment association plans to discover and invest in promising venture companies to expand Samsung Engineering's new businesses. Samsung Engineering explained that this is the first time it has invested in a venture investment fund.

Samsung Engineering said it formed this investment association to foster new businesses such as hydrogen and carbon neutrality, which are eco-friendly future energy sources. Through this investment, it plans to actively develop blue hydrogen technology that captures and utilizes carbon dioxide (CO₂), a greenhouse gas. Samsung Engineering already has project experience in CO₂ capture, storage, and injection plant fields and plans to invest in and collaborate with venture companies possessing promising technologies such as hydrogen, carbon utilization, and plastic recycling. It added that it will secure technology leadership and proceed with commercialization and business development through this.

Samsung Engineering expects that the commercialization of hydrogen and carbon neutrality will contribute to climate change response by reducing greenhouse gas emissions and stated that it will secure new growth engines through ESG (Environmental, Social, Governance) business commercialization. In addition, Samsung Engineering is focusing on securing future growth engines based on green technologies, including green infrastructure businesses centered on sewage treatment and incinerator operation, industrial complex energy optimization consulting, and commercialization of innovative solutions.

A Samsung Engineering official said, "The scale of this investment is enough to invest in 5 to 6 venture companies, and we plan to make more than two investments within this year," adding, "We will use this investment as a stepping stone to diversify our business portfolio through continuous expansion of ESG business investments."

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