FKI signs pact with Israeli venture capitalist firm
Published: 12 Apr. 2018, 20:01
The Federation of Korean Industries (FKI), Korea’s major business lobby group, on Thursday signed an initial pact with Israeli venture capital firm Yozma Group for a partnership to support start-ups here.
FKI Chairman Huh Chang-soo and Yozma Group Chairman Yigal Erlich signed a memorandum of understanding to promote exchanges between venture firms of the two countries in the short term and to support Korean venture start-ups with Yozma’s experience and knowhow in new ventures, the FKI said in a statement.
Founded in 1993, the Tel Aviv-headquartered group is known as a trailblazer in the Israeli venture capital sector. It has invested in more than 20 companies that went public on the tech-heavy Nasdaq.
Yonhap
FKI Chairman Huh Chang-soo and Yozma Group Chairman Yigal Erlich signed a memorandum of understanding to promote exchanges between venture firms of the two countries in the short term and to support Korean venture start-ups with Yozma’s experience and knowhow in new ventures, the FKI said in a statement.
Founded in 1993, the Tel Aviv-headquartered group is known as a trailblazer in the Israeli venture capital sector. It has invested in more than 20 companies that went public on the tech-heavy Nasdaq.
Yonhap
with the Korea JoongAng Daily
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