Ministry of Agriculture, Food and Rural Affairs "Establishing Agricultural and Food Investment Fund Over 200 Billion Won This Year"

The Ministry of Agriculture, Food and Rural Affairs held the '1st Agricultural and Food Mother Fund (hereinafter referred to as the Mother Fund) Investment Strategy Council' on the 1st and announced that it plans to establish an agricultural and food investment fund exceeding 200 billion KRW this year.

At the council meeting, Kwon Jae-han, Director of the Agricultural Innovation Policy Office at the Ministry of Agriculture, Food and Rural Affairs, along with representatives of seven major sub-fund management companies and experts related to venture investment, attended.

The attendees reflected the opinion that a regular communication channel between the government and the investment industry is necessary during the operation of the Mother Fund, and decided to launch the 'Mother Fund Investment Strategy Council' to coordinate the Mother Fund's investment directions with the private sector, including the investment industry.

Also, through the Mother Fund, they decided to establish an agricultural and food investment fund exceeding 200 billion KRW this year to focus investments on outstanding agricultural and food companies. To facilitate the smooth inflow of private capital into the agricultural and food industry, they plan to strengthen the investment foundation by publishing industry trend and excellent company investment reports and operating an agricultural and food investment information sharing platform (ASSIST).

Kwon Jae-han, Director of the Agricultural Innovation Policy Office at the Ministry of Agriculture, Food and Rural Affairs, stated, "Through the Investment Strategy Council, we will actively reflect the valuable opinions of the investment industry and others to establish an operation plan, and the government will take the lead in creating a foundation where the agricultural and food industry and the investment industry can coexist and prosper."