The Korean government
will invest more than $26.9 billion
in innovative start-ups
The partner of UP Business Consulting in Korea Mr. Wan Rim announced its intention to create a "venture bridge" between Russia and Korea to localize successful Russian projects in the Korean market, and Korean projects in the Russian market
$26.9 billion is an amount of investment in innovative start-ups and venture funds. The government of South Korea led by Finance Minister Kim Dong-Yon have addressed the public with this initiative. As its main task the government sees the creation of an advantageous business environment. "The venture capital market in South Korea is experiencing a downturn, as the IT boom ended in the mid-2000s," the government official said. "The recent plan is aimed at encouraging talented young people to start their own business and support their growth."
Finance Minister Kim Dong-yeon (2nd from R) speaks at a policy meeting in Seoul on Nov. 2, 2017. (Yonhap)

The partner of UP Business Consulting in Korea Mr. Wan Rim announced its intention to create a "venture bridge" between Russia and Korea to localize successful Russian projects in the Korean market, and Korean projects in the Russian market.

Wan Rim
Founder and CEO Excel Investments, Seoul, Korea, more than 25 years in Ventiure business and Angel investments, connections all over South Korea and Japan.
"Working in the framework of UP Business Consulting, we intend to create an eco-system between the venture markets of Russia and Korea, and we are already negotiating with our Russian partners, such as the Internet Initiatives Development Fund (IIDF) and ITMO University, about launching joint projects," said Wan Rim and Ivan Ivanov.
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