Korea's SMBA, IDG form $91m VC fund
IDG Capital Partners and South Korea's Small and Medium Business Administration have agreed to form a KRW100 billion ($91 million) VC fund that will help Korean businesses enter the China market.
According to BusinessKorea, IDG will commit more than 60% of the fund in Korean companies, chiefly in the healthcare, digital content, and technology fields. IDG will also help investees identify cooperation...
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