Agricultural Industry to Gain
As early as September, 30 billion won ($23 million) in funds will be invested into small and medium companies and start-ups in agricultural industry.The Ministry of Agriculture and Forestry plan to form two specialized agricultural investment funds: One is worth 20 billion won and the other 10 billion won. The ministry will announce on Tuesday the selection criteria for the investment companies to manage the funds.
Venture capital companies and investment firms in new technology can apply for managing the funds from July 30 to Aug. 3. The ministry will evaluate the applicants in early August and finalize two investment managers.
with the Korea JoongAng Daily
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