"Growing into an Investment Company Trusted by the Market"
Dongkuk Steel Group's corporate venture capital (CVC), Dongkuk Investment, announced on the 23rd that it will officially launch as a New Technology Business Financial Company (Shingisa) five months after its establishment, having received approval from the Financial Supervisory Service.
Starting from this milestone, Dongkuk Investment aims to form the 'Future Growth SoBuJang Fund (tentative name)' within the year and take its first step in investment. The investment portfolio will be composed of innovative companies that will grow alongside Dongkuk Steel Group, fostering co-growth with technologically capable venture companies.
Additionally, through project funds, the company plans to discover opportunities for sizable growth capital and buyout investments, seeking ways to maximize synergy with Dongkuk Steel Group.
Dongkuk Steel Group intends to pursue investments through Dongkuk Investment in ▲ steel-related businesses such as materials, parts, and equipment ▲ group-related industries including information technology (IT), logistics, and infrastructure ▲ and new business sectors.
Chango Bae, CEO of Dongkuk Investment, stated, "Together with key personnel who have diverse experience and networks as venture capital and capital market experts, we will grow into a professional investment company trusted by the market."
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