Expand private investment for
the environmental industry
Korea Environmental Industry & Technology Institute (KEITI) signs an MOU for Promoting Investment in the Environmental Industry with Korean Venture Capital Association (KVCA) on November 4.
The signing ceremony takes place at the head office of KVCA at Seocho-gu, Seoul. The MOU is aimed at supporting investment promotion to finance environmental companies with a lack of capital despite advanced technologies based on collaboration between the two parties.
Through the MOU, KEITI and KVCA will work together to expand domestic and foreign investment for leading environmental companies and find out new businesses to foster the environmental industry.
KEITI will strive to find out aspiring environmental SMEs with solid technological and business viability while KVCA will actively promote environmental companies to private venture capitals by holding investment promotion briefings and conferences together with KEITI.
In addition, the two organizations will hold investment promotion briefings by regions and provide investment mentoring services and carry out best practices promotion projects. The MOU carries a significant meaning in that it will help facilitate private investment in the environmental industry based on KVCA’s well-established network at home and abroad.
As of 2013, investment in the environmental industry accounted for a mere 0.5% of the total private investment (2 trillion won), which is seemingly attributable to a lack of information on the environmental industry.
To facilitate investment in the environmental industry, the two agencies will promote outstanding environmental businesses with technological prowess to private investors help induce foreign investment into the industry and support market entry of environmental companies on the global stage.
“By offering information and promoting a high growth potential of the environmental industry to private investors, we will make continuous effort to revitalize private investment for promising environmental businesses,” said Kim Yong-ju, President of KETI.
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Last modified : 2017-12-12 08:38
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