Gwangju Bank Invests 300 Million KRW in Startup Growth Ladder Fund
Gwangju Bank announced on the 6th that it has invested 300 million KRW as an LP investor (limited partner) in the ‘Startup Growth Ladder Fund Seed No. 1 (5th G-IN Private Investment Association)’ operated by the Gwangju Creative Economy Center.
The ‘5th G-IN Private Investment Association’ aims to invest in early-stage startups less than three years old that possess business viability and unique ideas, with the goal of nurturing them into competitive companies.
The target formation amount of the investment association is 1 billion KRW, and among the 500 million KRW allocated for LP investments, Gwangju Bank became the first regional bank to invest 300 million KRW.
This is evaluated as playing a pioneering role in attracting investment while further solidifying its status as a local community bank.
Gwangju Bank recently received a plaque of appreciation from the Gwangju Creative Economy Center in recognition of its contribution to fostering the local startup ecosystem.
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