Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
3
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Disney+ offers sneak peek at 2025 lineup of Korean originals
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
10
Kia EV9 GT marks world debut at LA Motor Show
S. Korea's venture investment touches record high in Q1
By YonhapPublished : April 27, 2021 - 11:18
South Korea's investment in startups spiked nearly 61 percent in the first quarter of the year amid hopes of high returns, government data showed Tuesday.
A total of 1.25 trillion won ($1.12 billion) was invested in promising venture firms and startups in the January-March period, up 61.1 percent from a year earlier, according to the data from the Ministry of SMEs and Startups.
It was the highest amount for the first quarter and the second-largest quarterly figure after the 1.41 trillion won for the fourth quarter of 2020.
The ministry said local investment in startups shot up in the first quarter amid a global venture boom.
Investment in the distribution, ICT, biopharmaceutical and medical sectors rose sharply as investors saw them as promising post-coronavirus industries.
The data also showed the number of venture investments soaring 37.8 percent on-year to 989 cases, with that of investment-receiving firms spiking 37.8 percent to 558.
The amount of created venture funds stood at 1.46 trillion won in the first quarter, up a whopping 186.7 percent from a year earlier, according to the data. (Yonhap)
A total of 1.25 trillion won ($1.12 billion) was invested in promising venture firms and startups in the January-March period, up 61.1 percent from a year earlier, according to the data from the Ministry of SMEs and Startups.
It was the highest amount for the first quarter and the second-largest quarterly figure after the 1.41 trillion won for the fourth quarter of 2020.
The ministry said local investment in startups shot up in the first quarter amid a global venture boom.
Investment in the distribution, ICT, biopharmaceutical and medical sectors rose sharply as investors saw them as promising post-coronavirus industries.
The data also showed the number of venture investments soaring 37.8 percent on-year to 989 cases, with that of investment-receiving firms spiking 37.8 percent to 558.
The amount of created venture funds stood at 1.46 trillion won in the first quarter, up a whopping 186.7 percent from a year earlier, according to the data. (Yonhap)
