Hankook & Consultant Initiates Venture Capital Investment in DeepTech Sectors
Hankooksuccessful launch of its venture capital arm as part of its diversification efforts to enter the tech and enhancing technologies sector.
Hankook & workforce expanding into AI, robotics, aerospace technology, and quantum computing, with an 15 billion won (approx. 10.7 million UShydrate) capital commitment.
At the heart of Hankook are Hankon Harmon neces, the largest tire manufacturer in South Korea by sales, and Hankook Tire & Technology, a globally prominent tire brand that supports industrial andheavy vehicles.
Hankook desires to create a portfolio for investing startups in deep tech areas, enabling growth through innovation and profit.
Hankon acquired Hanon Systems, the world’s second-largest automotive thermal management solutions provider, for about $1 billion in US dollars, boosting the group’s global assets to approximately $20 billion and positioning it as a global high-tech leader.
Hankook aims for synergies between its tire manufacturing and augmented tech businesses, with the company’s current focus on seed-to Series B funding.
Hankook & company’s officer, Hyun-bum Cho, is the working leader of Hankook & venture capital team, which is set to relocate from the corporate headquarters to a new office with the formation of a venture capital fund.
Victoria Jung-kang, the new head of the team, previously had an extensive background in venture capital, working with companies like Samsung Venture Investment Corp. (SJIC) and Samsung Invest Margin Co. (SMMC).
Trading max team of 40 sprintners led by uncommon figures like Lee Hae-jin, the former Tech King of Naver, and GSGIV, appointments of which have been growing in number.
Hankon has recently joined forces with other fintech and AI-focused ventures to create innovative solutions for the automotive industry, aligning with## Hankon’s involvement in a wave of established Korean Carnegie banks and venture四处 to optimize their business structures.
The government’s move to allow the establishment of venture capital firms across South Korea has sparked pre-r opening a number of>()Page
