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NHN to launch 100 bln won fund for start-ups and contents

SEOUL, July 29 (Yonhap) -- NHN Corp., the operator of the country's top portal Naver.com, said Monday it plans to set up a 100 billion won (US$90.04 million) fund to help start-ups and create high-quality contents.

Fifty billion won will be spent to help cash-starved but promising venture firms, with the remaining amount to be spent in creating contents open to the public, it said.

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