Hyundai Corporation is projected to set up a joint venture in Canada along with a Korean eco-friendly deicer startup. This scheme is based on its business diversification strategy promoting the eco-friendly sector as future businesses.
Hyundai Corporation, Hyundai M Partners, Sopoong Ventures, and Startup Island Jeju Private Investment Fund I (Jeju Creative Economy Innovation Center and Krypton) have participated in this investment scheme.
According to the financial circles on the 1st day of the month, Hyundai Corporation invested the capital of 11 billion won to establish the investment corporation of “Prologue Ventures Incorporation”.
Chung MongHyuck, the chairman of Hyundai Corporation Group said to staff and employees during the Global Strategy Conference (GSC) held on February 11.
Open the Table, a startup specializing in Home Meal Replacement (HMR), has attracted strategic investment from Hyundai Corporation Holdings. The investment amount cannot be disclosed.