NH Nonghyup Financial, Southeast Asia Fintech Company Investment Fund Established

[Asia Economy Reporter Hwang Yoon-joo] NH Nonghyup Financial held a launch event for the 'NH Southeast Asia Growth Enterprise Fund I' on the 12th (local time) at the Singapore Stock Exchange. This fund is a joint investment by NH Investment & Securities and NH Nonghyup Capital, with management handled by NH Investment & Securities' Singapore subsidiary (NH ARP).

NH Investment & Securities established this fund as part of NH Nonghyup Financial's 'Global Digital Strategy' to strengthen investment and collaboration foundations with Southeast Asian fintech companies. It was jointly initiated with NH Nonghyup Capital from the early stages. The NH Southeast Asia Growth Enterprise Fund I was set up with an initial investment amount of 15 million USD (approximately 21.5 billion KRW).

The fund is also planned to be utilized as a foothold for NH Nonghyup Financial affiliates' local entry and business expansion in Southeast Asia. NH Investment & Securities' Singapore subsidiary will continue to establish a series of growth enterprise funds to raise additional capital from other affiliates and institutional investors and manage these funds.

NH Investment & Securities' Singapore subsidiary, established in 2008 as a 100% subsidiary of NH Investment & Securities, operates as an asset management company targeting professional institutional investors and is actively investing in innovative companies. Additionally, as a Southeast Asian alternative asset specialist, it plans to source global investment products in the future to provide diverse investment opportunities not only to domestic and international institutional investors but also to retail investors.

The Singapore subsidiary plans to create synergy among NH Nonghyup Financial affiliates starting with the launch of this fund.

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