Ministry of Agriculture, Food and Rural Affairs: "Agrifood Mother Fund Expected to Form 210 Billion KRW Sub-Fund by Year-End"
2nd Agricultural and Food Mother Fund Investment Strategy Council
The Ministry of Agriculture, Food and Rural Affairs announced on the afternoon of the 24th that it held the '2nd Agricultural and Food Mother Fund Investment Strategy Council' to discuss this year's sub-fund formation status, agricultural and food investment trends, and next year's mother fund operation direction.
The council was launched in February to share the operational performance of the agricultural and food mother fund with industry and experts, and to discuss future operational directions and institutional improvement measures. The meeting was attended by seven major fund management companies and venture investment experts.
The agricultural and food mother fund announced an investment plan earlier this year aiming to form an agricultural and food investment association (sub-fund) worth 202 billion KRW. The Ministry of Agriculture, Food and Rural Affairs expects that with the expansion of private investment, sub-funds exceeding 210 billion KRW will be formed by the end of the year. This means exceeding the target by 8.1 billion KRW. As of the end of August, sub-funds worth 142.1 billion KRW have been completed, and sub-fund formations exceeding 68 billion KRW are underway.
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Kim Jong-gu, Director of Agricultural Innovation Policy at the Ministry of Agriculture, Food and Rural Affairs, said, "The 2025 government budget proposal includes a government contribution of 55 billion KRW, the same as this year, and if confirmed through the National Assembly budget review, it will be possible to form agricultural and food funds exceeding 200 billion KRW next year without difficulty. We plan to use the agricultural and food mother fund as a catalyst to support the growth of youth enterprises in the agricultural and food sectors, both upstream and downstream, and to focus investments on improving agricultural and food productivity through technological innovation such as smart agriculture and food tech."
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