Green Labs, a promising Korean startup that has undergone a restructuring process due to financial difficulties, is now set to soar to new heights with a new chairman of the board and a business normalization plan. The company plans to focus on its core business, Farm Morning, a community-based data agriculture solution, and accelerate business normalization.
According to news reports, in a recent board meeting, Chung Eui-min, the executive director of BRV Capital Management, the largest shareholder of Green Labs, was appointed as the boards new chairman. BRV, an Asian investment company of Bluerun Ventures invested 100 billion won in Green Labs last year. BRV became the largest shareholder after transfusing an additional 50 billion won…
Read the full article at: https://koreatechdesk.com/green-labs-bounces-back-from-the-financial-crisis-with-a-restructuring-plan-brv-backing/