Shinhan Investment Corp said on Sunday it was finally selected with Flux Ventures as a delegated manager for the Korea Venture Investment-led investment programme for the 2025 South Chungcheong corporate growth venture fund.
With the selection, the two will form a fund as co-general partners. They will identify, invest in and nurture innovative companies in advanced strategic industries such as semiconductors, artificial intelligence and biotech based in South Chungcheong Province.
The fund will focus on investment in 12 national strategic technologies and carbon neutrality.
It will provide funding to companies across various life cycles, from early to late stages, along three strategic axes: materials, parts and equipment and artificial intelligence; carbon neutrality, health and security; and next-generation converged industries. It seeks to revitalise the advanced industrial ecosystem in South Chungcheong.
A Shinhan Investment official said, "Through the management of this fund, we will faithfully play a priming role so that promising companies in South Chungcheong can grow into competitive companies."
Sangyeop Oh
yub@d-today.co.kr