VEB Ventures - "daughter" of VEB.RF - and the Korean managing company Daedeok Ventures Partners have agreed to create a Russian-Korean investment fund of up to $200 million, VEB Ventures told Rusbase about it.

Fund investments will be directed on technological companies of two countries in such areas, as technologies of a smart city, medicine and the industry of high repartition.

It is assumed that the fund will be attended by leading Russian and Korean funding organizations, public and private investors.

"We expect that with the help of such a mechanism we will help Russian promising projects to discover new markets and attract the most breakthrough solutions abroad," said Oleg Teplov, CEO of VEB Ventures.