Saneun Starts Investment in Policy-type New Deal Fund No. 2... Invests in Bonghwa Wind Power Development
The First Fund in the Infrastructure Sector
[Asia Economy Reporter Park Sun-mi] The Korea Development Bank announced on the 26th that the formation and investment of policy-type New Deal funds are progressing smoothly as originally planned.
Asset management companies selected in the regular investment project (3 trillion KRW) for policy-type New Deal funds at the end of February are forming New Deal funds and starting investments in earnest. Following the first New Deal fund formed in February, the second New Deal fund (excluding the 국민참여 New Deal fund) was formed on the 23rd with a total scale of 241.9 billion KRW.
The second New Deal fund is the first fund in the infrastructure sector, investing in renewable energy and eco-friendly power generation fields. It will invest 81.8 billion KRW, a portion of the fund amount, in the Bonghwa Omisan Wind Power Project.
Additionally, the 국민참여 New Deal fund, which was successfully sold out, was also completed on the 21st with a total of 10 funds amounting to 200 billion KRW, and investments will begin from April.
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The Korea Development Bank, the lead institution for policy-type New Deal funds, and Korea Growth Finance stated, "As market interest and expectations for the Korean New Deal are high, investments in New Deal funds will be promoted at a faster pace."
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