SK Inc. will invest 18 billion won in a team-up with Chinese food company Joyvio Group to create a 100 billion won fund to invest in alternative foods, such as plant-based meat and fermented protein.
The remaining amount in the Sustainable Food & Consumption Fund will come from Joyvio Group, several Chinese food companies, and government-led funds in China.
SK Inc. and Joyvio also agreed to collaborate with innovative food-tech startups, such as vertical farming companies, and tap into China's alternative food market.
SK and a Korean private equity fund have 22 billion won investments in Joyvio Group, a wholly-owned subsidiary of China-based Legend Holdings Corp.
The Joyvio Group is China's largest producer of blueberries and kiwis and has partnerships with multinational fruit and vegetable producers in Chile and Australia.
SK Inc., which has been exploring business opportunities in food, invested 54 billion won in US food startup Perfect Day, known for its animal-free milk protein.


Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market
GLP-1 Weight Loss Pills Set to Reshape Food and Fast-Food Industry in 2025
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss
BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target 



