The Seoul Metropolitan Government is advancing its ambitious initiative, the ‘Seoul Vision 2030 Fund’, to drive innovation and propel Korean startups to global success. This year, the city plans to invest 1.3 trillion won ($939 million USD), previously raised as part of the ‘Vision Fund’, with an additional goal of raising 1.175 trillion won ($845 million USD). Despite the recession in the venture investment industry last year, Seoul City created a fund worth KRW 1.3329 trillion ($939 million USD), achieving 125.2% of the target of KRW 1.065 trillion. The ‘Seoul Vision 2030 Fund’ represents a strategic effort to empower startups and position Seoul as a hub of innovation on the global stage. The ‘Seoul Vision 2030 Fund’, announced by the Seoul Metropolitan Government in 2023, aims to create a 5 trillion won (approximately 3.7 billion USD) fund over a four-year period from 2023 to 2026. This initiative is designed to prevent the startup ecosystem from shrinking and to intensively invest in future strategic industries. The focus of the ‘Seoul Vision 2030 Fund’ for 2024 is centered around investment in six…
15 Apr 2024