Korea Telecommunications Operators Association is among the limited partners in a $42m fund aimed at technologies such as artificial intelligence, big data and 5G networks.
South Korea-based venture capital firm Capstone Partners has unveiled a ₩50bn ($42m) fund backed by industry body Korea Telecommunications Operators Association, according to The Korea Herald.
The municipal government of Seoul and fund management firm Korea Growth Investment have also backed the fund. The vehicle will primarily be aimed at technology developers associated with what is known as the fourth industrial revolution.
Approximately 80% of the capital will be allocated to technologies such as artificial intelligence, big data, the blockchain…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
