Korea Development Bank (KDB) and Industrial Bank of Korea (IBK)(024110), The Export-Import Bank of Korea, and other three major policy banks will create a joint fund totaling 700 billion won to support the growth and overseas expansion of small, midsize, and venture corporations.
The three major policy banks said on the 7th that they issued a notice for the "policy finance institutions global scale-up cooperation fund" investment program. They will each invest 150 billion won, totaling 450 billion won, to create a joint fund of 700 billion won. Through this, they will supply growth capital to small, midsize, and venture corporations and support overseas expansion.
It will consist of three funds in total: one large fund and two medium-sized funds. The large fund will be 300 billion won, with policy banks investing 192.6 billion won. The medium-sized funds will each be 200 billion won, totaling 400 billion won, with 257.4 billion won invested by policy banks.
This investment program is one of the seven key joint and cooperative business areas of the "policy finance institutions council," launched in March, and after closing proposal submissions on the 30th, it will go through a joint review process to select the final delegated managers in November. The council plans to consider comprehensive financial support—such as investment, loans, and infrastructure financing—tailored to on-site needs, depending on the progress stage of individual projects including robots, hydrogen, artificial intelligence (AI) data centers, and renewable energy. The council's first cooperative project is Hyundai Motor Group's Saemangeum project, worth about 9 trillion won.