Search results for Woori Venture Partners
Finance
Woori Financial Group to pursue 7 trillion won productive investment from startup scouting to IPO
Woori Financial Group is accelerating support for the growth of innovative companies based on a 7 trillion won productive investment plan. It aims to build a linked support system spanning startup discovery, early and follow-on investment, scale-up and initial public offerings to meet funding needs by growth stage. Woori Financial is pursuing a project to provide 90 trillion won in productive and inclusive finance over five years and is detailing the 7 trillion won investment plan.
AI & Enterprise
National Growth Fund AI bets on Upstage and Rebellion in spotlight
South Korea’s National Growth Fund will lead a 560 billion won investment in local AI startup Upstage, as the government seeks to localise the AI supply chain from chips to models and draw follow-on private funding. The Financial Services Commission approved the investment for Upstage’s next-generation model project. Funding includes 100 billion won from an advanced strategic industries fund, 30 billion won from Korea Development Bank and 430 billion won in private capital.
Telecommunications & Media
National AI computing centre to get Public Growth Fund investment to boost AI infrastructure
South Korea will invest money from the Public Growth Fund in a project to build a national AI computing centre, supporting an AI infrastructure with 15,000 AI chips. A direct investment of 100 billion won in Upstage was also approved to secure sovereign AI. The Financial Services Commission said the fund approved four megaprojects and one regional SME support plan, bringing cumulative approvals to about 84 trillion won.
