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Hankook & Company to set up CVC with $11 mn in funding

Korea Economic Daily LogoKorea Economic Daily11h ago

Hankook & Company to set up CVC with $11 mn in funding - Korea Economic Daily

Quick Summary:

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., announced Thursday a plan to launch a wholly-owned corporate venture capital arm this month with an initial investment of 15 billion won ($11 million) to transform into a technology-driven company.

The holding company plans to foster the CVC, dubbed Hankook & Company Ventures, as the tire and auto parts-making group’s investment arm, tasked with unearthing and nurturing promising startups in artificial intelligence, robotics, aerospace and quantum computing.

Hankook & Company Ventures will be headed by Jun Jin-won, former vice president of Seoul-based venture capital firm We Ventures, where he led investments in deep tech startups.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 15:41:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 28508486

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 7 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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