JEJU-DO < invest Korea

According to Yonhap News,

(Jeju = Yonhap News) Reporter Ko Seong-sik – The second "Listed Company Fostering Fund" established by Jeju Province will invest KRW 2 billion wonin "RideFlux," a local enterprise specializing in autonomous driving technology.

According to Jeju Province on the 5th, this represents the first investment in a Jeju-based company from the No. 2 fund, which was established last November with SmartStudy Ventures as the fund manager. The investment is described as a strategic move focused on a company with proven technological prowess and growth potential.

RideFlux is a future mobility specialist based on autonomous driving technology. Leveraging its proprietary autonomous driving platform and accumulated empirical data, the company is building a business model with high commercialization potential and is pursuing mid-to-long-term growth strategies, including an initial public offering.

Jeju Province explained that this investment has created an opportunity to strengthen the competitiveness of companies in future mobility and advanced technology sectors—industries the province is focused on fostering—while supporting the sustainable growth of regional-based enterprises.

The province expects the investment funds to be utilized for strengthening research and development, expanding personnel, and advancing business operations, thereby contributing to accelerating the company's growth.

SmartStudy Ventures, the fund manager, is a professional firm with extensive experience in investing in content, platform, and technology-based companies. It plans to actively support the discovery and growth of enterprises in alignment with Jeju's industrial policy direction.

Meanwhile, the No. 1 Listed Company Fostering Fund is currently managed by TS Investment. Last year, it invested a total of KRW 4 billion in three companies, simultaneously promoting the nurturing of local enterprises and the attraction of promising companies from other regions.

koss@yna.co.kr



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Source Text

Source: Yonhap News (February 05, 2026)

** This article was translated from Korean.