Kiwoom Asset Management Launches 'Kiwoom Green New Deal No.1' Worth 300 Billion KRW

[Asia Economy Reporter Minji Lee] Kiwoom Asset Management announced on the 21st that it has signed an investment agreement for the Kiwoom Green New Deal Infrastructure Specialized Private Investment Trust No. 1 (hereinafter 'Kiwoom Green New Deal No. 1') with NongHyup Bank and five institutional investors.

Kiwoom Green New Deal No. 1 is a fund that invests in BTL projects (Build Transfer Lease), which involve constructing social infrastructure, transferring ownership to the government and local governments upon completion, and recovering investment costs over the long term through lease payments. Kiwoom Asset Management has experience with over 100 BTL projects and, as of the end of March, manages more than 10 funds related to BTL projects worth approximately KRW 1.6351 trillion, ranking as the 8th largest asset management company in the industry.

Investors in Kiwoom Green New Deal No. 1 include NongHyup Bank and five insurance companies, planning to invest about KRW 300 billion in BTL projects such as Green Smart Schools and Digital SOC.

A representative from Kiwoom Asset Management explained, "The Korean New Deal project, in which the government is promoting large-scale investments to leap forward as a leading country centered on digital and eco-friendly initiatives, will provide institutional investors with stable profit opportunities." They also stated that Kiwoom Asset Management plans to continuously launch funds investing in BTL projects, starting with Kiwoom New Deal Infrastructure No. 1, to meet market demand.

This content was produced with the assistance of AI translation services.