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THE INVESTOR]
Woori Bank announced on Aug. 16 that a 70 billion won (US$64 million) fund will be established to invest in companies with high technological capacities.
The fund will invest in companies scoring in the top five grades for technological capabilities, as recognized by credit rating service providers.
Woori Bank and Korea Growth Investment Corp. will each raise 15 billion won, with the rest to be raised from institutional investors and other organizations.
By Choi He-suk (
cheesuk@heraldcorp.com)
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