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SoftBank Group raises $270 million by the Seoul group for early-stage investments, startup

FILE PHOTO: The logo of SoftBank Group, Corp, is displayed at the SoftBank World in 2017 conference to be held in Tokyo, Japan, on July 20, 2017. (REUTERS photo/Issei Kato/File Photo

TOKYO (Reuters) – SoftBank Group Corp, said on Friday that the Seoul-based venture-capital unit focused on early-stage investments, has raised a 317 billion won ($270 million) fund.

SoftBank Ventures in Asia, the fund will invest in early-stage start-ups in the world, with a focus on Asia, and the new tech conglomerate said.

(This story has been filled to the desired page in the first paragraph, to 317 billion won, not by a million)

Report by Sam Nussey and Chris Gallagher; Editing by Muralikumar Anantharaman

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