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Will Downsized Korean Biopharma Fund Launch Successfully This Time?

Weak But Improving Sentiment

 
• By Jung Won Shin

Given that previously announced similar programs failed to attract strong investor interest, South Korea is set to create a new biopharma fund but of a smaller target size and lower qualifying thresholds as it continues to support industry development.

new fund
Korea Reflects VC Industry Views To Successfully Create New Fund • Source: Shutterstock

South Korea has created a new KRW150bn ($112m) investment fund to support the biopharma sector after a previous similar initiative with a target size of KRW250bn collapsed due to difficulties finding investors amid depressed market sentiment both at home and abroad.

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