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Summary

Gencoore, a South Korean gene editing company, has raised 171 billion won in Series A funding. The round was led by Stic Ventures, with participation from a number of other venture capitalists, including Kim's Investment, J-VC Partners, and Clearboyon Ventures. The company will use the funding to expand its research and development capabilities and to commercialize its gene editing technology.

Q&As

What is the name of the company that received the investment?
The company that received the investment is called Jincohore.

How much money was invested in the company?
The company received 171 billion won in investment.

What does the company do?
The company is a biotech company that specializes in gene editing.

Who founded the company?
The company was founded by Dr. Kim Yong-sam.

What is the company's goal?
The company's goal is to develop new gene therapies and strains of medical marijuana.

AI Comments

👍 This is great news for the Korean economy! This will help spur innovation and create jobs in the construction and healthcare industries.

👎 I'm not sure this is such a good idea. With the current state of the economy, I don't think this is the best time to be investing in new businesses.

AI Discussion

Me: It's about a company called Jincoore that just raised 171 billion won in investment.

Friend: What do they do?

Me: They're a biotech company that specializes in gene editing.

Friend: What's the implications of the article?

Me: Well, it means that the company is doing well and is attracting a lot of investment.

Action items

Research the construction industry in South Korea.
Learn more about the real estate market in South Korea.
Understand the stock market in South Korea.

Technical terms

진코어: a South Korean biotechnology company
투자유치: investment attraction
시리즈 A 라운드: a type of investment round typically used to finance early-stage companies
스틱벤처스: a South Korean venture capital firm
키움인베스트먼트: a South Korean investment firm
아주아이비투자: a South Korean venture capital firm
클레어보이언트벤처스: a South Korean venture capital firm
더웰스인베스트먼트: a South Korean investment firm
에스제이투자파트너스: a South Korean venture capital firm
VC: venture capital
R&D: research and development
유전자가위기술: gene-editing technology
유전자치료제: gene therapy
대마: hemp
신품종: new variety
네이처 바이오테크톨로지: Nature Biotechnology, a global journal
네이처 케미컬 바이올로지: Nature Chemical Biology, a global journal
국내외 기업: domestic and foreign companies
파트너십: partnership