Lee Seok-yong, President of NongHyup Bank, "We Will Actively Discover Innovative Agrifood Startups"

NongHyup Bank Co-Hosts the 'Agri-Food Startup Entrepreneurship Expo'

NH Nonghyup Bank announced on the 27th that it will hold the "Agri-food Investment Ecosystem Activation Conference" and operate a promotional booth for agri-food startups at the "Agri-food Tech Startup Entrepreneurship Expo" (AFRO 2023), held for three days from the 26th to the 28th at COEX in Seoul.

The Agri-food Tech Startup Entrepreneurship Expo is the largest startup expo in the agri-food sector in Korea, hosted by the Ministry of Agriculture, Food and Rural Affairs and jointly organized by Nonghyup, the Korea Agricultural Technology Promotion Agency, and COEX. It is an event to showcase technology-based agricultural innovation startups and facilitate networking among large corporations, investors, distributors, and public institutions.

At this expo, Nonghyup Bank will operate promotional booths for 10 agri-food fund investment companies to highlight investment achievements. Additionally, at the "Agri-food Investment Ecosystem Activation Conference" held on the 28th, the bank plans to share the current status of domestic and international agri-food investments and industry outlooks, and derive measures to activate private investment through expert panel discussions by agri-food industry sectors.

Nonghyup Bank currently operates as the largest agri-food fund manager in Korea, managing five funds totaling 223 billion KRW, and also provides financial support to promising agri-food innovation startups.

Lee Seok-yong, President of Nonghyup Bank, said, "Through this expo, we will actively discover agri-food tech companies with technological capabilities and provide opportunities for growth in various ways, including investment and financial support as well as business linkage with Nonghyup group affiliates."

The Nonghyup Bank promotional booth at the 'Agri-Food Tech Startup Expo' (AFRO 2023) held at COEX, Seoul, from the 26th to the 28th. Photo by Nonghyup Bank

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