1.8 Trillion Won '3rd Land, Infrastructure and Transport Innovation Fund'... Investment in 6 Key Areas Including Autonomous Driving and Drones

On the 23rd, the Ministry of Land, Infrastructure and Transport announced that it will form the 3rd sub-fund of the "Land, Infrastructure and Transport Innovation Fund" to support the growth of small and venture companies possessing promising technologies in the land and transportation sector, and will begin full-scale investments.

The 3rd fund (Pathfinder Land, Infrastructure and Transport Innovation Investment Association No. 2) was established with a total scale of 18 billion KRW by raising an additional 8 billion KRW in private funds on top of 10 billion KRW in government contributions.

Unlike the existing funds (No. 1 and 2), which can invest in all land and transportation companies, this fund plans to focus investments on six rapidly growing sectors: autonomous vehicles, smart logistics, drones, smart cities, smart construction, and green remodeling. There is an investment obligation of over 60% in these six sectors, with the remainder at the discretion of the fund manager.

Companies wishing to receive investment support from the 3rd fund can contact the fund manager, "Pathfinder H."

Lee Woo-je, Policy Planning Officer at the Ministry of Land, Infrastructure and Transport, said, "With the 4th Industrial Revolution, new industries in land and transportation such as autonomous vehicles, drones, and smart cities are rapidly growing. Since the newly formed 3rd fund focuses on these sectors, we expect it to help the stable growth of related small and venture companies."

Meanwhile, the 4th and 5th funds are currently selecting fund managers with the goal of raising 34 billion KRW, and there are plans to raise a total of 300 billion KRW by 2027.

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