GANGWON-DO < invest Korea

According to Yonhap News,

Gangwon decided to establish Gangwon Angel Investment Matching Fund worth 3 billion won to support start-ups.

The initial 3 billion won will be financed by Gangwon Small and Medium Business Administration (2.37 billion won), Gangwon Province (500 million won), Kangwon National University (100 million won) and Korea Venture Investment Corporation (30 million).

The fund requires one-to-one matching investment with angel investors, aiming at increasing its size up to 6 billion won.

The fund, to be supervised and managed by Korea Venture Investment Corporation and Gangwon Industrial and Economic Promotion Institute, will be operated until 2022.

It is designed to support venture companies financially strained and collect the investment when they succeed.

Source Text

Source: Yonhap News (Sep. 26, 2012)

** This is the translation of a Korean article.