Asan Nanum Foundation's 'Jeong Ju-young Angel Investment Fund' Invests in Globalization and Climate Crisis Response

Restructuring of Investment Management Direction

Asan Nanum Foundation announced on the 20th that it has newly reorganized the operational direction of the ‘Chung Ju-yung Angel Investment Fund,’ established as catalytic capital to revitalize the domestic startup and investment ecosystem.

Since 2012, Asan Nanum Foundation has set up the ‘Chung Ju-yung Angel Investment Fund,’ a private investment fund worth 100 billion KRW, and has invested in early-stage startups in collaboration with angel investors, accelerators, and venture capitalists. To date, investments have been made in a total of 53 funds and accelerators, and the total amount of funds formed through this investment fund reaches approximately 2.09 trillion KRW. Shinhan Asset Management has been selected as the entrusted management company for the Chung Ju-yung Angel Investment Fund.

The change in the investment direction of the Chung Ju-yung Angel Investment Fund comes three years after Asan Nanum Foundation announced its investment operation direction on its 10th anniversary in 2021. The foundation adjusted the investment direction to reflect the changed market conditions and environmental changes, and prepared a reorganization plan focusing on ‘globalization of the startup and investment ecosystem’ and ‘response to the climate crisis’ in line with the foundation’s management goals.

First, a new category of ‘globalization of the investment ecosystem’ was established to contribute to activating investments and support from domestic and international investors for startups expanding globally. Additionally, in accordance with Asan Nanum Foundation’s management goal of ‘entrepreneurship that considers people and the environment,’ the foundation will encourage the formation of funds to respond to the climate crisis and expand investment areas to support the discovery and growth of climate tech startups. Along with this, the angel investment fund will encourage the formation of funds in underserved sectors to create impact across various fields and reduce disparities in investment attraction by startup sector or region.

Um Yoon-mi, Chairperson of Asan Nanum Foundation, said, “We hope that the Chung Ju-yung Angel Investment Fund will provide practical help to various startups and enrich the investment ecosystem, which led us to prepare this reorganization plan. We expect that under the new investment policy, domestic startups’ overseas expansion and climate tech businesses will be activated and their opportunities to attract investment will be expanded.”

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