Shinhan Financial launches 100B won fund of funds for growth sectors

What's the deal? Shinhan Financial GroupDealroom has a profile for this one. Try Dealroom → has formed a 100 billion won venture fund of funds to back startups in future growth industries.

What's the endgame? As a fund of funds, the vehicle channels capital into other venture funds rather than investing directly in startups. Shinhan Financial is targeting sectors it views as future growth drivers.

The signal: The move signals continued appetite among South Korea's financial groups to deploy capital into venture markets through indirect investment structures.

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