Pre-Unicorn Investment... NH Nonghyup Financial Establishes 200 Billion KRW Digital SI Fund

Creating a Digital Ecosystem... Several Major Affiliates Participate

[Asia Economy Reporter Minwoo Lee] NH Nonghyup Financial Group is establishing a fund worth 200 billion KRW to invest in startups in the digital innovation finance sector.

On the 30th, NH Nonghyup Financial Group announced that it will establish the 'NH Digital Alliance Fund (tentative name),' a strategic investment (SI) fund aimed at creating a digital innovation finance ecosystem.

This fund will be formed as a new technology business investment association and plans to invest in innovative technology startups, prospective unicorns (unlisted startups with a valuation of over 1 trillion KRW), and platform operators.

NH Venture Investment and NH Investment & Securities will jointly (Co-GP) manage the fund, while NH Nonghyup Bank and NH Nonghyup Capital will participate as limited partners (LPs). The first fund, with a scale of 100 billion KRW, will be established next month, followed by a second fund of the same size next year.

Through this, NH Nonghyup Financial aims to create a digital innovation finance ecosystem, responding to recent regulatory innovation policies and changes in the financial industry and technology, using it as a foothold to seek new development opportunities. The plan is to continuously discover and nurture companies that can collaborate with affiliates within the group and establish a virtuous cycle system for systematic cooperation to enhance the group's competitiveness.

Son Byunghwan, Chairman of NH Nonghyup Financial Group, said, "The platform ecosystem achieves sustainable growth through openness and cooperation," adding, "We will foster a healthy digital ecosystem where all members can coexist through cooperation rather than competition."

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