South Korea-based electronics conglomerate LG is among local corporations considering starting a local corporate venture capital unit based on a regulatory change passed in the country at the end of 2021.
The regulatory changes enacted from 30 December are understood to only affect groups with a holding company structure, such as LG, for Korea-based CVC units. LG already runs US-based LG Tech Ventures under CEO Dong-Su Kim, who said it was considering starting a Korea-based CVC after the rule changes.
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