POSCO Establishes a Venture Capital Fund Valued at approximately 50 Billion Won

Posco Launches 50 Billion Won Corporate Venture Capital Fund

Posco Group, a South Korean industrial conglomerate, has announced the launch of a new corporate venture capital fund worth 50 billion won (approximately $36 million). The fund, named POSCO CVC No. 1 Fund, will focus on startups with core technologies aligned with Posco's future growth strategies.

The fund, which was launched on August 29, 2025, will invest in startups that are driving digital transformation (DX), energy efficiency, carbon reduction, renewable energy, and artificial intelligence (AI). About 20% of the fund, amounting to 10 billion won, is allocated to promising overseas startups, aiming to foster innovation and synergies with Posco's core businesses.

Posco's flagship steel-making unit and Posco Investment, the group's venture capital unit, are investing 40 billion won and 10 billion won respectively into the fund. An additional 10 billion won will be invested by Posco Investment.

The evaluation process for startups will be rigorous, with companies being assessed based on technology value, financial structure, and strategic fit. The focus of the evaluation remains aligned with Posco's future growth strategies, including digital transformation, energy efficiency, carbon reduction, and renewable energy.

The inaugural general meeting for the fund is scheduled for Aug. 29. The allocation of the fund aims to strengthen ties with the global innovation ecosystem. The fund, in its entirety, will be invested in digital transformation and renewable energy.

No new information about the location or specific startups involved in the investment has been provided at this time. However, Posco is committed to identifying startups capable of leading future innovation and fostering a culture of innovation within the group.

The fund is part of Posco's ongoing efforts to adapt to the changing global market and stay at the forefront of technological advancements. With this new venture capital fund, Posco hopes to contribute to the growth of innovative startups and the development of sustainable technologies.