KB Financial said on the 19th it will set up the KB Kookmin Growth Infrastructure Fund worth about 1 trillion won.
The fund is an infrastructure fund created with 100% group capital. In line with the government's 150 trillion won Public Growth Fund initiative, it was created to stably support national strategic infrastructure projects and serve as a primer for private investment.
Key affiliates including KB Kookmin Bank, KB Insurance, and KB Life Insurance will participate as limited partners, raising the entire 1 trillion won with group capital. KB Asset Management, which earned recognition for its expertise through Balhae Infrastructure Fund, Korea's first homegrown listed infrastructure fund, will manage the fund.
Key investment targets include expanding social overhead capital (SOC) for balanced regional growth; artificial intelligence (AI) data centers and AI computing centers; district energy for semiconductor clusters; energy superhighways; and projects such as solar power, wind power, Hydrogen Fuel Cell, and power generation.
In particular, it will include as a core investment asset the Yongin semiconductor cluster district energy project, one of the Public Growth Fund's megaprojects.
Going forward, KB Financial plans to pursue stable investments across infrastructure, including energy and basic facilities. In connection with the government's "Five Poles, Three Specials (the nation's five megaregions and three special self-governing provinces)" strategy for balanced national growth, it will focus investment on improving local infrastructure and expanding new SOC.