The corporate venture capital arm of LG Group, LG Technology Ventures, has announced the creation of a 400 billion won (US$309 million) fund to continue supporting global startups in the fields of artificial intelligence, batteries, and mobility. This move demonstrates LG’s commitment to investing in cutting-edge technologies and fostering innovation in these key areas.

The new fund was contributed by four units of the LG Group, including LG Energy Solution Ltd. and LG Chem Ltd., bringing the company’s total assets under management to 1 trillion won. This substantial financial backing will enable LG Technology Ventures to identify and support promising startups that are driving advancements in AI, batteries, and mobility.

This announcement aligns with LG’s broader strategy to stay at the forefront of technological development and maintain its position as a leader in various industries. By investing in startups that specialize in AI, batteries, and mobility solutions, LG is positioning itself to leverage emerging technologies and drive future growth.

This move not only highlights LG's confidence in the potential of startups in these sectors but also emphasizes its commitment to nurturing innovation and fostering partnerships with entrepreneurial ventures. LG Technology Ventures, through providing financial resources and strategic support, aims to catalyze breakthrough developments with far-reaching impacts across industries.

For startups operating in the realms of artificial intelligence, batteries, and mobility, this fund presents an exciting opportunity, providing access to substantial funding from one of South Korea's leading conglomerates. LG's dedication to investing in innovative ventures underscores its commitment to staying ahead of the curve and driving meaningful change.

In summary, the establishment of this sizable fund positions LG Technology Ventures to play a pivotal role in shaping the trajectory of technological advancement within key sectors. As the company continues to support global startups at various stages of development, LG reaffirms its commitment to driving innovation forward and solidifying its position as a prominent player in the rapidly evolving tech landscape.