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According to Yonhap News,
On December 5, Gwangju-si announced that "2024 Gwangju Startup Festival" held at Kim Daejung Convention Center on November 28-29, resulted in attracting about KRW 52 billion investment from 53 companies.
VESSL AI, an AI platform company, signed an investment agreement worth KRW 15.8 billion with investors including A Ventures, laying the foundation to enter the global market.
SpaceVision AI, ViNe Ventures, among others signed an investment agreement worth KRW 4 billion, and plan to expand AI digital advertising business.
CIS Chemical, STH, and others signed Letters of Intent on large-scale investment worth KRW 32.2 billion with investors from home and abroad.
According to the city, pre-events including pre-business matching, open innovation strategy exhibitions for large companies turned out to be effective in inducing continued interest of companies and improving capabilities to discover collaboration models.
The city held 14 pre-events to share corporate information and match interested startups and investors.
cbebop@yna.co.kr
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Source: Yonhap News (December 5, 2024)
** This article was translated from Korean.