Invest in the K Wave... Shinhan K-Culture Fund Launched

[Asia Economy Reporter Junho Hwang] Shinhan Asset Management has launched the Shinhan K-Culture Fund, which invests in companies leading global culture.

This fund focuses on investing in companies that will create K-Culture globally, based on the interests of the MZ generation and digital advancements. Investment targets include K-media/webtoons, K-food, K-CT (Culture Technology), K-ecommerce, K-entertainment/games, and K-beauty?sectors expected to sustain growth alongside the MZ generation. The fund invests more than 70% in K-Culture-related stocks listed domestically to secure investment opportunities from the global growth of K-Culture, and up to 20% in overseas-listed companies either in the K-Culture-related overseas industry or domestic companies listed abroad.

Shinhan Asset Management recognizes the K-Culture sector as a long-term growth engine for Korean companies and expects many investment opportunities in this field. To strategically nurture the fund, Shinhan Asset Management has also invested 2 billion KRW of its own capital.

Lee Jeongsoon, head of the Hedge Fund Management Team overseeing the Shinhan K-Culture Fund, stated, "Recently, Korea's soft power has been recognized in the gaming, media, and entertainment sectors, so we believe industries powered by culture can grow sustainably in the long term." He added, "With the whole world already captivated by K-Culture, we want to create investment opportunities through the K-Culture Fund."

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