Selected as Fund Manager for Venture Fund Overseen by Korea Venture Investment Corp.
Shinhan Investment & Securities announced on the 23rd that it has been finally selected, together with Flux Ventures, as a fund manager (GP) for the "2025 Chungnam Corporate Growth Venture Fund" investment program, which is overseen by Korea Venture Investment Corp.
With this selection, the two companies will establish the fund as co-general partners (Co-GP) and take on the role of discovering, investing in, and nurturing innovative companies in advanced strategic industries such as semiconductors, artificial intelligence (AI), and bio sectors located in South Chungcheong Province. Flux Ventures is a venture capital (VC) firm with strong capabilities in discovering and investing in technology-based startups.
The fund will focus on the 12 national strategic technologies and carbon neutrality-related investments. It aims to revitalize the advanced industrial ecosystem in the Chungnam region by supplying capital to companies at various stages of their life cycle, from early to late stage, across three strategic pillars: materials, parts, equipment and AI; carbon neutrality, healthcare, and security; and next-generation convergence industries.
Having recently obtained approval to issue promissory notes and thereby strengthened its funding capabilities, Shinhan Investment & Securities plans to go beyond simple capital provision and offer comprehensive solutions that combine Shinhan Financial Group's extensive network with its investment banking (IB) capabilities. A Shinhan Investment & Securities representative said, "Through the management of this fund, we will faithfully play the role of a catalyst so that promising companies in the Chungnam region can grow into competitively strong enterprises."
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