GWANGJU < invest Korea

According to Yonhap News,

The Ministry of SMEs and Startups has opened a ‘Local Angel Investment Hub’, a crowdfunding platform that helps raise seed funding for startups on May 26 in the city of Gwangju and Daejeon.

The investment hub identifies entrepreneurs in need of funds from VC investors, providing coaching services sharing tips for investment planning and IR event preparation. The hub also connects early stage startups with experienced investors. The ministry plans to set up the same investment networks across Gangwon and both South and North Gyeongsang Provinces in order to decentralize VC and equity investment heavily concentrated in capital cities nationwide.

A report says, the VC execution took up 81.6%, amounting to KRW 516.6 billion out of KRW 632.8 billion in capital cities, whereas it marked mere 18.4% in non-capital areas as of 2018.

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Source:Yonhap News (May 26, 2021)