China and Korea team up for wireless fund

Shanghai''s government and Korea''s Ministry of Information and Communications are seeding a technology transfer fund.

The municipal government of Shanghai and the South Korean Ministry of Information and Communications will announce today Friday sponsorship of a fund to invest up to $50 million into wireless technology ventures in China. The fund will enjoy an initial seeding of $30 million from Korea's MoIC representing the ministry's inaugural investment offshore and its managers will then seek additional investments from private companies.

The fund will be jointly managed by a Chinese and a Korean fund...

To continue reading, please login or register for free

Click for more on: china | korea | team | wireless | fund

Print Edition

FinanceAsia Print Edition

CONFERENCES