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Naver, Krafton, Mirae Asset launch $475.9 million AI fund in India

Published: 21 Apr. 2026, 17:39

Industry Minister Kim Jung-kwan, center; Naver CEO Choi Soo-yeon, third from right; and Krafton CEO Kim Chang-han, third from left, pose for a photo during an event to introduce the "Unicorn Growth Fund" in New Delhi on April 21. [YONHAP]

Naver said on Tuesday that it created a 700 billion won ($475.9 million) investment fund with Krafton and Mirae Asset Group to foster companies in the AI, fintech and content sectors in India.

The companies co-hosted an event in New Delhi to introduce the “Unicorn Growth Fund” (UGF) to Indian companies and venture capital firms, attended by Industry Minister Kim Jung-kwan, Naver CEO Choi Soo-yeon, Krafton CEO Kim Chang-han and Swarup Mohanty, the vice chairman of Mirae Asset Investment Managers' India branch, according to Naver.

The UGF was initially set up by Krafton with a 200 billion won investment earlier this year, followed by Naver and Mirae Asset, which contributed a combined 500 billion won. The partners have agreed to expand the fund to 1 trillion won.

Naver said the fund aims to invest in high-potential technology companies in India across the AI, fintech and content sectors.

“Building on its abundant IT talent and dynamic startup ecosystem, India is rapidly emerging as a hub of global digital innovation by expanding its AI industry ecosystem,” Choi said.

“The UGF will serve as a key foundation for investing in high-growth tech firms and creating synergies by combining the core competencies of the three companies,” she added.

Yonhap