Conglomerates Set Up Venture Capitals to Expand Investment in Startups
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s major conglomerates are establishing corporate venture capital (CVC) firms under the umbrella of their holding companies as a way to expand investment in promising startups. Food and entertainment giant CJ Group set up its own CVC firm last week by acquiring a 100 percent stake in Timewise [...]