June 14, 2024 – Korea Science & Technology Holdings (KST), SYP Inc., and Leanox Impact Capital signed a Memorandum of Understanding (MoU) to establish a global investment fund. The agreement aims to promote trade and business activities between Korea and Germany, especially support Korean companies' entry into the European market.

The fund, named "KST, SYP & Leanox: The Global Fund (TGF)," will be established in the form of a limited partnership under German law.

Each party works together as a joint general partner, and investment decisions are made by mutual agreement. The fund will be targeting Korean Deep Tech startups entering Europe as their main investment targets.

KST CEO Choi Chi-ho said, "This agreement will play an important role in strengthening the competitiveness of Korean companies in the global market." SYP CEO Hong Seong-wook said, "We look forward to expanding business opportunities between the two countries and promoting innovative projects." Paulina Jänsch, CEO of Leanox Impact Capital, said, "We will explore new opportunities in the European market through TGF."

The MOU will be valid for two years, and specific cooperation plans will be discussed later. It is expected that the agreement will expand opportunities for economic cooperation and innovative investment between Korea and Germany.