FuturePlay Forms 14.3 Billion KRW 'Unicorn Fund' with Samsung Securities

50 Billion KRW Investment in Seoul Robotics

[Asia Economy Reporter Kim Cheol-hyun] FuturePlay (CEO Ryu Jung-hee) announced on the 22nd that it has partnered with Samsung Securities to establish a personal investment association called the 'Unicorn Fund' worth 14.3 billion KRW. The fund's first investment was a 5 billion KRW investment in the autonomous driving startup Seoul Robotics. This is the largest amount among the follow-up investments executed by FuturePlay.

The newly formed Unicorn Fund is FuturePlay's first fund created as a personal investment association with a securities company, composed entirely of professional investors rather than general investors among high-net-worth individuals. Seoul Robotics, the first investment made alongside the fund's formation, is a startup developing 3D LiDAR software, known as the 'eyes' of autonomous vehicles, and is developing algorithms for interpreting and processing point cloud data from LiDAR sensors.

Choi Jae-woong, Director of FuturePlay and lead fund manager of this fund, said, "Since May, despite the frozen investment market, we were able to successfully establish a personal investment association with 14.3 billion KRW," adding, "We plan to actively support the rapid growth of the portfolio going forward."

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