Changwon City Signs 2 Billion KRW Fund Investment Agreement with Canwork Holdings and Lottie

Changwon City, Gyeongnam, has signed an investment agreement with Kanwork Holdings and Rotiwa Fund.

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[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Changwon City, Gyeongnam, through the Next Unicorn Venture Fund operated with equity participation, signed a fund investment agreement totaling 2 billion KRW, with 1 billion KRW each for Kanwalk Holdings and Roti.

Kanwalk Holdings and Roti promised ▲ pioneering new growth engine industries ▲ leading a carbon-neutral circular economy ▲ revitalizing the startup ecosystem and prioritizing employment for Changwon Special City citizens, and the city agreed to provide active administrative support for smooth corporate activities.

Kanwalk Holdings is a company that developed a CNC machine electric spindle system and is promoting a Green Smart Factory project using small wind power generation in the Masan Free Trade Zone to achieve RE100 by 2025.

Roti is a growing company that introduced a new process in the field of manufacturing OLED panels for lighting, and according to this investment, plans to relocate both its headquarters and factory from Hwaseong City, Gyeonggi-do, to Changwon within this year.

A city official said, “The Small and Medium Venture Fund, the first fund of Changwon Special City, has so far realized investments totaling 2.7 billion KRW in four companies, exceeding the equity contribution of 2 billion KRW,” and added, “We continuously discover promising companies through the bi-monthly Venture Investment Matching Day.”

Mayor Heo Seong-mu said, “We support the advancement of the two companies leading the future based on innovative technology and capabilities,” and added, “We expect Changwon’s industry to take off once again, dressed in new clothes of Green Smart Factory and innovative startups.”

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