March 22, 2019

Yozma Group invests W5b to set up biotech JV in Korea

PUBLISHED : June 12, 2018 - 15:24

UPDATED : June 12, 2018 - 15:24

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Korea’s Mirae SCI said on June 12 it has secured financing from the Yozma Group to create a biotechnology-focused joint venture with the Israel-based venture capital firm here.

Yozma Group Korea invested 5 billion won (US$4.65 million) in the form of convertible bonds issued by Mirae SCI. With the deal, the Korean company has completed selling 8 billion won worth convertible bonds. 

The Yozma Startup Campus in Pangyo, south of Seoul

Mirae SCI plans to use 3 billion won of the investment proceeds to establish Yozma Bio Holdings that the two firms agreed to set up in April.

Yozma Bio Holdings will focus on commercializing biotechnology developed at Israel’s Weizmann Institute of Science by transferring the tech to Korean companies. The JV will also offer investment, consulting and global networking services to local bio startups.

The research institution, which was ranked sixth in the world in the 2017 Innovation supplement index by the Nature Journal, holds over 2,000 patents in biology, physics and chemistry.

“Yozma Bio Holdings will play a central role for our future investments in Korean biotechs,” Yozma Group Chairman Yigal Erlich said.

By Park Han-na (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. 아 04099