WantedLab Establishes Investment Subsidiary 'WantedLab Partners'

[Asia Economy Reporter Kim Jong-hwa] WantedLab Co., Ltd. announced on the 24th that it will establish an investment subsidiary, 'WantedLab Partners.'

On the same day, WantedLab disclosed through the Financial Supervisory Service's electronic disclosure system that its board of directors resolved to acquire 21 million shares (100% stake) of WantedLab Partners for 10.5 billion KRW. WantedLab Partners will operate as a new technology business finance company and will engage in investment projects targeting innovative companies.

WantedLab Partners aims to be an investment company with a differentiated strategy utilizing HR tech. Amid active startup investments, it plans to discover and invest in high-growth companies by leveraging the HR data unique to WantedLab. In particular, through WantedLab's unparalleled AI matching technology, it will support talent recruitment essential for the success of innovative companies, thereby taking responsibility for the growth of its investment targets.

Nam Song-hyun, appointed as CEO to lead WantedLab Partners, joined WantedLab in 2016 after working as a Citigroup analyst and Korea Investment Corporation fund manager. Based on his diverse investment experience, he led WantedLab to secure investments worth approximately 20 billion KRW and played a pivotal role in the company's initial public offering (IPO) process last August.

A WantedLab official stated, "We will invest in various innovative fields based on the differentiated big data owned by WantedLab and create innovation within the investment industry as well."

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