KDB-Sungjang Finance Announces 2nd Investment Project for 'National Participation New Deal Fund'

[Asia Economy Reporter Jin-ho Kim] Korea Development Bank and Korea Growth Investment Corporation announced on the 10th that they will open the 2nd subscription project for the '2021 National Participation New Deal Fund.'

The 2nd subscription project aims to additionally raise 100 billion KRW (80 billion KRW from public funds, 20 billion KRW from the budget) for the National Participation New Deal Fund, which was sold out within one week of its launch during the 1st subscription project in the first half of the year. A total of eight entrusted management companies will be selected by the end of October.

According to Korea Growth Investment Corporation, the 200 billion KRW National Participation New Deal Fund, which began investing in April, has shown a consumption rate of about 54% as of the end of August. Approximately 80% investment is expected by the end of the year.

A Korea Development Bank official stated, "Through the additional formation of the New Deal Fund, continuous investment in listed companies and pre-listed companies in the New Deal sector is expected."

Meanwhile, the 2nd National Participation New Deal Fund is scheduled to be launched (80 billion KRW) at the end of November or early December and will be sold to the public for up to two weeks. To enhance public accessibility, online sales will be further expanded.

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