Tsangs Group, an innovation-focused global family office that bridges East and West, and Finngram, a blockchain technology-based, decentralised investment platform from Seoul, South Korea, have signed a collaboration agreement to jointly expand their business globally, to share resources of information and mutually open doors to new investments.
Tsangs Group will invest and introduce selected South Korean companies to markets globally for business establishment and expansion. Similarly, Finngram will help select Hong Kong and China companies to market in South Korea for business establishment and expansion.
“We are delighted to invest more in Korea and partner with Finngram to pave the way for shared market expansion and resource pooling in our specific focus areas, including renewables, bio-tech and life science, AI, robotics, mobility, software, and gaming and entertainment tech,” commented Patrick Tsang, Chairman of Tsangs Group.
“Through this strategic partnership, we look forward to various cooperation, including revitalising the investment market and pioneering the East Asian regional market through business exchanges between the two countries,” commented Daekeun Jeong, CEO of Finngram.
Hong Kong and South Korea share the same values regarding business speed, global connectivity, and lifelong learning. Hong Kong ranks third, and South Korea fifth in the global ease of doing business rankings.
About Finngram
Finngram Inc. is an investee company of Korea Investment Partners, Korea’s largest venture capital, and is a technology-based, tech-driven company active in Korea and East Asia. In particular, based on a technology-based profit structure, Finngram position ourselves as a strategic investor in the shaping and expansion of the investee company’s business based on technology cooperation and business cooperation that deviates from the investment-based business structure of existing VCs, and have a strategy to maximise the return on investment.
For more information, please visit: http://partners.koreainvestment.com/en/
About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. Our mission is to invest in global opportunities that allow us to exert positive influence and drive positive impact in Hong Kong, Asia and beyond.
Headquartered in Hong Kong, Tsangs Group has direct investments across the world, we seek out positive impact investments that reflect our values of innovation, sustainability, and togetherness. Our strategy is opportunistic and both sector and location agnostic.
From fintech to entertainment to space travel, we are always investigating, analysing, and supporting the cutting edge of global innovation and development.
For further information:
Tsangs Group
Andre Kwok
Tel: +852 2361 3923
andre.kwok@tsangsgroup.co
Selena Sandhu
+1 628 588 7059
selena.sandhu@tsangsgroup.co
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