Korea's National Growth Fund Bets KRW 560 Billion on AI Startup Upstage
South Korea’s AI foundation model startup Upstage has secured a 560 billion won investment commitment from the National Growth Fund, marking the fund’s second direct equity investment and the largest single infusion into a domestic AI model company to date. The funding...
Korea's Fund of Funds Fuels Deep-tech Unicorns
The Korean government’s Fund of Funds has emerged as a key driver in nurturing domestic unicorn companies and promising deep-tech startups. The fund has provided early-stage growth capital to companies ranging from recent unicorns like Rebellions and FuriosaAI to global...
South Korea's Sovereign AI Project Selects 5 Teams
South Korea has officially launched its mission to build a homegrown, globally competitive artificial intelligence ecosystem. The Ministry of Science and ICT has selected five elite teams for its Korean Sovereign AI Foundation Model project, a significant step toward securing...