Shinhan Investment Corp Signs MOU with Japan’s UMI Ventures to Establish ‘Cross-Border Venture Fund’
On September 2, Shinhan Investment Corp announced that it had signed a business agreement (MOU) with UMI Ventures, a Japanese venture capital firm specializing in materials, parts, and equipment, to establish a 'cross-border venture fund' for joint investment in deep tech companies in Korea and Japan.
This MOU marks the first official partnership between Shinhan Investment Corp and UMI Ventures. Going forward, the two companies plan to jointly discover promising companies in both countries and support their entry into each other’s markets, covering a wide range of deep tech fields including semiconductors, robotics, aerospace, and defense. The new fund is expected to contribute to enhancing the productive financial functions of the capital market by supplying venture capital to deep tech companies with high growth potential.
Jang Hosik, Head of CIB1 Group at Shinhan Investment Corp (left in photo), and Shosuke Kiba, CEO of UMI Ventures, are posing for a photo at the Memorandum of Understanding (MOU) signing ceremony held in Tokyo, Japan, on the 19th of last month. Shinhan Investment Corp
Photo by Shinhan Investment Corp
Taking this agreement as an opportunity, the two companies intend to further develop detailed cooperation plans and continuously expand joint investments and exchanges that connect Korea and Japan. Following the conference held in Tokyo in August, they are scheduled to hold another event in Korea this October to introduce Japan’s deep tech market and promising companies. Previously, the two companies have co-hosted the ‘Korea-Japan Deep Tech Conference’ in Tokyo.
Jang Hosik, Head of CIB1 Group at Shinhan Investment Corp, said, “This agreement is an important milestone, as Shinhan Investment Corp joins hands with UMI Ventures to link the deep tech ecosystems of Korea and Japan,” adding, “In the long term, we will develop this partnership beyond simple investment to support mutual market entry for companies from both nations.”
Hot Picks Today
"The Transfer Failed, but 'Ding Dong' Money Came In"... 32.5 Billion Won Financial Incident at Toss Bank
- "They Wouldn't Give It a Second Look When Offered to Ancestors"... MZ Goes Wild for 80-Year-Old Ceremonial Liquor as a Household Must-Have
- [Good Morning Stock Market] U.S. Stocks End Mixed as "AI Concerns Persist"; South Korean Stocks Likely to Pare Losses After Opening Lower
- Kim Taewon, Blue House Senior Secretary for Youth and Future Affairs, Reports 16.1 Billion Won in Assets, Including Google Shares
- "Baek Jongwon Had Been Quiet, Then Hit It Big"... Waits in the 100s in U.S. Despite KRW 46,000 Pork Belly
Shosuke Kiba, CEO of UMI Ventures, said, “We are pleased that our partnership with Shinhan Investment Corp lays the foundation for connecting Korea’s superior capital and network to the Japanese ecosystem. I hope this agreement will serve as a practical bridge between the deep tech industries and investors of both Korea and Japan.”
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
