Support for Restructuring Companies... KAMCO Establishes a 330 Billion Won Fund

Participating as Anchor Investor... Commitment to Invest 100 Billion KRW

[Asia Economy Reporter Minwoo Lee] Korea Asset Management Corporation (KAMCO) is establishing a fund worth 330 billion KRW to support companies undergoing restructuring.

On the 23rd, KAMCO announced that it has created the "KAMCO Capital Expansion-type Corporate Support Fund (PEF)." The purpose is to provide stable mid- to long-term liquidity to help companies facing environmental changes such as industrial paradigm shifts and the spread of ESG (Environmental, Social, and Governance) management to respond smoothly.

For this PEF formation, KAMCO committed a total investment of 100 billion KRW as an anchor investor (an investor with a large stake who influences other investors' decisions). To expedite fund formation and attract private investment, about 30 billion KRW of this was invested as a subordinated investment. The fund is managed by JKEL Partners, a PEF specialized management company. The main investment targets are automobile parts manufacturers transitioning their business to the eco-friendly vehicle value chain.

KAMCO expects that this fund will timely supply necessary capital to companies facing difficulties in financing due to rapid interest rate hikes and help normalize their management.

Kwon Nam-joo, President of KAMCO, stated, "We will continue to proactively respond to market demand and strengthen our role as an anchor investor to support corporate management normalization and sustainable growth."

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