Asan Nanum Foundation revamps fund management

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Asan Nanum Foundation revamps fund management - Korea Economic Daily

Quick Summary:

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death, announced on Tuesday that it will revamp the operational direction of the Chung Ju-yung Angel Investment Fund, which was established to nurture startups.

Through the Chung Ju-yung Angel Investment Fund, the foundation will encourage new participants, such as emerging limited partners and venture capitalists, to engage in investment, and will also strive to diversify investment forms and strategies.

The Chung Ju-yung Angel Investment Fund is a private investment fund created by the Asan Nanum Foundation in 2012 with a capital of 100 billion won ($75 million).