Hana Securities said on the 18th that it was selected as a co-general partner (Co-GP) for the "Chungnam corporate growth venture fund" promoted by Korea Venture Investment Corporation.
This fund is a 19.1 billion won venture fund created to invest in the growth stages of corporations in the Chungnam region, and it is scheduled to launch in the second quarter.
In this fund, Hana Securities participated in a co-management (Co-GP) format with KN Investment Partners. It will invest in promising corporations, focusing on Chungnam's strategic industries such as display materials and equipment, eco-friendly automobile parts, and bio.
In particular, with Daejeon Investment Finance confirming a matching commitment, the investment scope of this fund is expected to expand from Chungnam to the Daejeon area. Taking part in managing this fund, Hana Securities plans to expand investment in regional innovative corporations centered on the Chungcheong area. It said it will identify step-by-step investment opportunities from technology-based startups to growth-stage corporations and contribute to revitalizing the regional investment ecosystem.
Last year, Hana Securities formed the "Hana-KN Regional Innovation Investment Association," worth about 50.5 billion won, and has been expanding investments centered on corporations in the Jeonbuk and Chungnam regions. On the last month, it also announced plans to form a private venture mother fund (private fund-of-funds venture investment association). The mother fund is expected to be created at about 200 billion won.
Jung Young-gyun, head of the IB Group at Hana Securities, said, "We will continue to expand productive finance that contributes to the growth of regional, innovation-driven corporations and balanced economic development by further increasing the supply of private venture capital."