San-eun Selected as Entrusted Manager for 350 Billion New Deal Logistics Fund... Launching New Investment Project
[Asia Economy Reporter Kim Min-young] KDB Industrial Bank is launching a new investment project to proactively support the government's Korean New Deal.
On the 3rd, the Industrial Bank announced its plan to select a delegated management company to raise 350 billion KRW for a logistics fund related to the Digital New Deal.
The logistics fund consists of a 300 billion KRW logistics infrastructure fund investing in smart logistics center development and a 50 billion KRW logistics innovation company fund investing in companies with advanced logistics technologies, characterized by simultaneously supporting both the hardware and software necessary for fostering the logistics industry.
The logistics infrastructure fund will primarily invest in smart logistics center development projects, where demand is steadily increasing due to the activation of online transactions, and it plans to offer rent discounts to small and medium-sized enterprises (SMEs) and mid-sized companies that move into logistics centers invested in by this fund.
The logistics innovation company fund will focus on investing in companies possessing advanced logistics technologies utilizing robotics, online-offline linkage (IoT), mobility, etc., as well as SMEs (venture companies) and mid-sized companies handling logistics items under the innovation growth joint standards, thereby discovering and supporting innovative companies contributing to the future development of the logistics industry.
The Industrial Bank stated, "Through this investment project, we expect to proactively support the Korean New Deal while also creating an opportunity for private funds in the market to flow into productive sectors such as the Digital New Deal projects."
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The Industrial Bank plans to receive proposals for the logistics fund within this month and complete the selection of the management company by the end of this year.
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