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Shinhan Financial to launch Japan-South Korea startup fund

Seoul-based group expands its Japanese footprint

Shinhan Financial Group is preparing to launch its first fund dedicated to startups from both Japan and South Korea.   © Reuters

TOKYO -- South Korea's Shinhan Financial Group will create a roughly 5 billion yen ($36.5 million) fund to invest in startups from Japan and its home country.

The fund will be established as early as this month with capital from subsidiary Shinhan Venture Investment and Japanese investors.

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