Gyeonggi Province G-Fund Fundraising Exceeds 1 Trillion Won...Achieved 2 Years Ahead of Original Target

[Suwon Ilbo = Reporter Kim Gap-dong] Gyeonggi Province's 'Gyeonggi Province G-Fund,' which has been promoting investment and fostering small and medium-sized and venture enterprises in the province, has surpassed 1 trillion won in fundraising.

According to Gyeonggi Province and the Gyeonggi Economic Science Promotion Agency on the 27th, the province successfully added 418.8 billion won in new fundraising this year from sectors including △startups △carbon neutrality △future growth funds, in addition to the 788 billion won raised by the end of last year. As of the 26th, the Gyeonggi Province G-Fund fundraising reached a total operating scale of 1.2068 trillion won. This represents achievement about 2 years ahead of the original target, and exceeds the operating amount by approximately 200 billion won.

Previously, Gyeonggi Province Governor Kim Dong-yeon promised at the 'Gyeonggi Province G-Fund Vision Declaration Ceremony' in February of last year that "we will raise 1 trillion won in fund scale by 2026."

The G-Fund functions as venture capital to support small and medium-sized and venture enterprises that align with provincial policy directions, and supports medium to long-term investments in future and foundational industries based on stable financial resources.

Looking at the operational status, △10 funds in startups, carbon neutrality, and re-challenges are operating at 519.7 billion won △8 funds in future growth sectors including small and medium-sized parts and materials, AI, and biotech are operating at 504.6 billion won △5 funds including northern regional balance and digital transformation are operating at a scale of 182.5 billion won.

To commemorate the G-Fund reaching 1 trillion won in fundraising, the province is holding Gyeonggi Province Investment Day ('G-Invest Day') at Pangyo Startup Campus on the 27th and conducting a discussion session with G-Fund operators to discuss future strategies.

On this day, the province and the Gyeonggi Economic Science Promotion Agency will proclaim a leap into 'Gyeonggi Province G-Fund 2.0,' and will form a consultative body (G-Alliance) together with 23 G-Fund operators to pledge continued efforts toward activating investments and expanding investment opportunities for small and medium-sized and venture enterprises.

Meanwhile, the Investment Day event brings together approximately 100 small and medium-sized and venture enterprises within Gyeonggi Province, holding △investment briefings △one-on-one investment consultations △investment seminars and more. Gyeonggi Province also conducts △domestic return support briefings introducing various support policies for returning companies and investment value in northeastern Gyeonggi Province targeting overseas-bound companies, foreign missions in Korea, foreign chambers of commerce in Korea, and related organizations △Gyeonggi Province investment environment briefings △investment attraction networking and more.

Kim Gwang-deok, director of the Regional Finance Division, stated, "We will continue to make efforts to activate regional investment consultation visits to discover excellent companies that need financial support," and "We will actively step forward in resolving difficulties in the field and taking any necessary measures the province can take for company discovery and follow-up investment."