SK Group on Sunday launched a 30 billion won ($25 million) fund that aims to support tech start-ups in the fields of agriculture and fisheries.
The fund targets venture firms and young entrepreneurs based in Daejeon and the neighboring Sejong area where SK opened a start-up acceleration center in July to join a government-led initiative across industries.
With the latest funding, SK has secured a combined 75 billion won to support venture firms and start-ups and create an ecosystem for business synergy.
The group said SK companies such as SK Telecom and SK hynix will share their technological and business know-how as well as helping to widen the adoption of smart solutions among firm facilities in the area.
By Lee Ji-yoon (firstname.lastname@example.org)