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SK launches W30b fund to support start-ups

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 (
Korea Herald daum