Eun Sung-soo: "New Deal Fund, a Catalyst for Korea's Economic Future... Will Spare No Support"

Visit and Meeting with Policy-type New Deal Fund No.1 Investee Companies

[Image source=Yonhap News]

[Asia Economy Reporter Ki Ha-young] Eun Sung-soo, Chairman of the Financial Services Commission, stated, "The New Deal Fund will serve as a crucial catalyst for creating future growth engines for our economy," and emphasized, "We will ensure both the swift advancement of the New Deal Fund and substantial, quality investments."

On the 11th, Chairman Eun visited the first investment company of the policy-type New Deal Fund and held a meeting with industry and financial sector officials, where he made these remarks.

Previously, in September last year, the government announced plans to establish a policy-type New Deal Fund to support the Korean New Deal. Accordingly, a budget of 510 billion won was approved by the National Assembly at the end of last year.

Currently, the policy-type New Deal Fund is being established smoothly as originally planned. After the announcement of the selection of sub-fund management companies for the New Deal Fund in December last year, 26 management companies were finally selected at the end of last month to operate a policy-type New Deal Fund worth 3 trillion won out of the maximum 4 trillion won to be raised this year.

Chairman Eun said, "I hope this first investment, the initial step of the policy-type New Deal Fund, will become a successful model case for New Deal investments," adding, "If the fund capital is widely invested in the New Deal ecosystem through active participation from the private sector, the New Deal Fund will become a key catalyst for creating future growth engines for our economy."

He also emphasized plans to spare no policy support for the policy-type New Deal Fund. Chairman Eun promised, "We will actively provide financial support for the Digital New Deal and Green New Deal, which are the core pillars of the Korean New Deal, and strive to revitalize investments in New Deal infrastructure. We will ensure both the swift advancement of the New Deal Fund and substantial, quality investments."

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