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Home > News > Korea to launch W100 billion fund for foreign investors

June 5th, 2011

Korea to launch W100 billion fund for foreign investors

Abstract:
Korea plans to launch a fund to help foreign investors bring in skilled labor and technology from overseas in target sectors.

The Global Win-Win Fund will be created in August or September with 100 billion won ($92.6 million) and expanded to 300 billion won ($278 million) over the next two years, the Ministry of Knowledge Economy said Sunday.

The government has been actively sponsoring 17 key areas as promising economic drivers. The list includes green businesses such as renewable energy, water treatment and light-emitting diodes; future technologies such as information technology, robots and nanoscience; and other services such as food, health care and biopharmaceuticals.

Source:
koreaherald.com

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