Suwon to Establish Third Corporate New Light Fund to Expand Investment in Small and Medium Ventures

Suwon Special City will establish a third Suwon Corporate New Light Fund to provide corporate support.

Suwon Mayor Lee Jae-jun attended the "Suwon Corporate New Light Fund Partners Meeting" held at the city hall situation room on the 4th and announced, "I will prepare the third Suwon Corporate New Light Fund."

Mayor Lee continued, "Thanks to the operators of the first and second Suwon Corporate New Light Funds discovering promising companies and making investments, the Suwon Corporate New Light Fund has become a great source of strength for enterprises," and said, "We will prepare the third Suwon Corporate New Light Fund to support more companies."

The meeting was attended by SJ Investment Partners Vice President Cha Min-seok, SV Investment Executive Director Lee Jae-won, BNH Investment Vice President Kang Ji-su, SBI Investment CEO An Jae-kwang, Tab Angel Partners Team Leader Choi Bo-gyu, and Gyeonggi Center for Creative Economy and Innovation CEO Kim Won-kyung, who presented the current status of fund operations and investment cases.

The Suwon Corporate New Light Fund is a fund that invests in small and medium-sized enterprises, ventures, and startups with technological capability but insufficient capital to enable their growth. The first and second Suwon Corporate New Light Funds were established with a total scale of 803.6 billion won.

Suwon City committed an investment of 10 billion won in the second New Light Fund, and fund operators will invest 26.5 billion won or more in committed mandatory investment amounts into Suwon-based enterprises.