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2020.05.19
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Hongsung-gun to join a fundraising program worth KRW 20 bln


According to Newsis,


Hongsung-gun, South Chungcheong Province, started to join a fundraising program worth KRW 20 billion in the form of a multi-manager investment(or fund of funds) to support local farmers and boost agro-industry.

Private-public entities involved took part in an MOU signing ceremony on May 13, at the presence of the governor and representatives of business and institutional association. The fund, officially endowed by the municipal government, aims to promote investment in agro-products, while scaling the industry up to be competent.
The MOU is highly anticipated to help local farmers receive business coaching and improve marketing capabilities, believed to be a driving force to ensure economic growth, job creation, HR training to encourage farmland ownership and farmers’ autonomy. The scale of the fund to be raised is reported to be KRW 10 billion in agro-sector and KRW 10 billion in fishery industry respectively.


Source Text


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yreporter@newsis.com

Source: Newsis (May 13 , 2020)


** This article was translated from Korean.
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