SME Venture Investment 'Gyeonggi-do G-Fund' Surpasses 310 Billion KRW... 2.6 Times the Target Amount

Gyeonggi Province Governor Kim Dong-yeon is taking a commemorative photo with attendees at the 'Gyeonggi Province G-Fund Vision Declaration and Agreement Ceremony' held last February.

The amount raised for the ‘Gyeonggi-do G-Fund,’ established by Gyeonggi-do to support investment in small and venture businesses, has surpassed 310 billion KRW.

The Gyeonggi-do G-Fund is a fund (investment association) created by Gyeonggi-do to serve as seed money for investments, aiming to expand investment opportunities for small and venture companies within the province, with a target of 1 trillion KRW by 2026.

On the 28th, Gyeonggi-do announced that the total amount raised for the Gyeonggi-do G-Fund, divided into four sectors?startups, scale-ups, balanced development of northern Gyeonggi, and future growth?was 317.8 billion KRW, which is 2.6 times the original target of 120 billion KRW for this year.

By sector, the Startup Fund (1st to 3rd) raised 137 billion KRW this year, focusing on investing in startup companies facing financial difficulties.

The Scale-up Fund gathered 50 billion KRW. It is used to support high-growth companies requiring follow-up investments such as research and development (R&D) and facility expansion. The Northern Gyeonggi Balanced Development Fund raised 30 billion KRW, investing in companies in the northern region, which has relatively fewer investment opportunities compared to southern Gyeonggi.

The Future Growth Fund (1st to 3rd), raised through the Gyeonggi-type mother fund (Gyeonggi Industrial Promotion Investment Fund), collected 100.8 billion KRW this year.

It invests in future growth industries such as semiconductors, bio, mobility, and artificial intelligence, which are key strategic industries promoted by the 8th Gyeonggi-do administration.

Earlier in February, Gyeonggi-do Governor Kim Dong-yeon promised at the ‘Gyeonggi-do G-Fund Vision Declaration and Agreement Ceremony,’ "Gyeonggi-do is a land of opportunity. We will provide many opportunities for residents to start businesses and conduct research and development."

Next year, Gyeonggi-do plans to raise at least 150 billion KRW for funds in the startup, carbon neutrality, and future growth sectors.

Additionally, the province will strengthen support for investment activation through investment briefings, one-on-one investment consultations, and investment promotion activities (IR) to improve accessibility for promising small and venture companies in the province to attract investments.

A Gyeonggi-do official stated, "In a situation where global economic recession and financial difficulties make business management challenging, we will actively respond to the contraction of venture investment to ensure that the growth momentum of Gyeonggi-do’s sprout companies does not falter," adding, "We will also actively work on discovering investee companies so that more growth opportunities can be provided to local companies through fund investments."