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HHIH to Launch 34 bln-won Fund for Digital Health Care and Biotechnology

HHIH to Launch 34 bln-won Fund for Digital Health Care and Biotechnology

SEOUL, Nov. 10 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Wednesday it will launch a 34 billion-won (US$28.8 million) fund to support promising startups in the digital health care and bio industries. The fund will help the company advance into the digital health care market and seek [...]

Jeito Capital Becomes a Key Player in the Financing of Life Sciences in Europe with the Closing of Jeito I at €534 Million ($630 Million)

Jeito Capital Becomes a Key Player in the Financing of Life Sciences in Europe with the Closing of Jeito I at €534 Million ($630 Million)

Paris, Sept. 20 (Korea Bizwire) – Jeito Capital, a rapidly growing, new, independent Private Equity firm dedicated to biotech and biopharma, today announced the final closing of its first fund, Jeito I, at €534 million ($630 million), exceeding its original target of €500 million. Jeito I is the largest European fund dedicated to supporting companies in [...]

Samsung Asset’s Metaverse Fund Tops 50 bln Won in Assets

Samsung Asset’s Metaverse Fund Tops 50 bln Won in Assets

SEOUL, Aug. 24 (Korea Bizwire) — Samsung Asset Management Co., South Korea’s top money manager, said Monday that its Samsung Global Metaverse Fund surpassed the 50 billion won mark in assets under management just two months after being released as the ‘metaverse’ emerging as a central theme for investors in the fund market. The fund, [...]

Funders Join Forces to Advance a Global Economy That Works for People and the Planet

Funders Join Forces to Advance a Global Economy That Works for People and the Planet

New York, NY, June 29 (Korea Bizwire) — A new fund to advance fair global economic responses to COVID-19 launched today. The Response and Vision Fund, an initiative of a newly formed donor collaborative – Funders Organized for Rights in the Global Economy (FORGE) - seeks to build the power of workers and communities, strengthen accountability, and advance [...]

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

S. Korea to Set Up 300 bln-won Fund for Fintech Unicorns

SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]

SK Joins Hands with Chinese Investment Firm to Create 1 tln Won Fund

SK Joins Hands with Chinese Investment Firm to Create 1 tln Won Fund

SEOUL, Dec. 3 (Korea Bizwire) – South Korean energy and telecom conglomerate SK Group plans to join hands with  Chinese private equity firm Hillhouse Capital Group to create a mutual fund worth 1 trillion won (US$843 million) for investment in the Chinese food industry. SK China, SK’s Chinese unit, held a board meeting recently and passed [...]