Lee Seok-yong, President of NongHyup Bank, "Supporting the Growth of the Startup Ecosystem in the Agri-food Sector"

Participation in Agri-Food Tech Startup Entrepreneurship Expo

NH Nonghyup Bank announced on the 26th that it will participate as a co-host of the "Agri-food Tech Startup Entrepreneurship Expo," held for three days from the 25th to the 27th at COEX in Seoul.

Now in its second year, the expo is the largest agri-food startup exhibition in Korea, hosted by the Ministry of Agriculture, Food and Rural Affairs and co-hosted by Nonghyup, the Korea Agricultural Technology Promotion Agency, and COEX.

At this expo, Nonghyup Bank will operate promotional booths for 11 companies among those nurtured and invested in by its agri-food fund. On the 26th, it will share the current status and prospects of agri-food and food tech startups at the "Private Investment Conference Leading Innovation in the Agri-food Industry," co-hosted with Nonghyup University. A professional panel discussion will also be held to derive ways to create a sustainable agri-food investment ecosystem.

Nonghyup Bank is the largest operator of agri-food funds in Korea, managing a total of six funds (274.1 billion KRW), including the "Hope Agricultural Innovation Fund" established in April this year, and providing financial support to 37 companies.

Lee Seok-yong, President of Nonghyup Bank, stated, "Through this expo, we will play a role in driving private investment in the currently stagnant agri-food sector," adding, "We will lay the foundation for the growth of the startup ecosystem in the agri-food sector through multifaceted efforts such as linking businesses within the Nonghyup group and providing financial support."