Content Company Growth Fund Established... Over 10 Billion Won to Be Invested in Suncheon Local Businesses

Laying the Foundation for Fostering the Local Cultural Content Industry

On the 27th, Suncheon City announced the establishment of the "Suncheon City Cultural Content Strategic Fund (Series 1 and 2)" to foster local content companies and attract promising external businesses.

This fund was created as the city participated as an investor in the 2025 "Cultural Account" investment project under the Ministry of Culture, Sports and Tourism's Mother Fund. The Mother Fund is a national policy fund operated by the government, with the Cultural Account specifically supporting investments in the cultural content industry.

The "Suncheon City Cultural Content Strategic Fund" is a 90.5 billion won fund jointly established by the local government and private investment firms, based on contributions from the Mother Fund. Of this, the city invested 5 billion won (3 billion won for IP, 2 billion won for new technologies).

The core of the strategic fund is its "regional circulation structure," which is designed to ensure that more than 200% of the city's investment is allocated to local content companies. For example, if the city invests 5 billion won, the fund manager must prioritize investing at least twice that amount-10 billion won or more-in local companies or businesses planning to relocate to Suncheon.

For fund management, SmartStudy Ventures was selected for the IP sector and Laguna Investment for the new technology sector. In accordance with the Mother Fund's investment conditions, these two organizations will invest the funds in local companies and projects.

A city official stated, "Through this fund, we aim to create an environment where companies can settle in the region stably and pursue content production and technology development without financial burden."

Suncheon Mayor Noh Gwan-gyu emphasized, "The establishment of this fund marks a decisive turning point for Suncheon's cultural content industry to take a leap forward. We will comprehensively support investments, policies, and infrastructure so that IP generated by local content companies can become competitive in both national and global markets."

This content was produced with the assistance of AI translation services.