'IBK Group-DS Green Finance Fund' Business Agreement Signed... "Providing Liquidity to Eco-friendly SMEs"

(From left) Seo Byung-ki, CEO of IBK Investment & Securities; Wi Yoon-duk, CEO of DS Asset Management; Choi Hyun-sook, CEO of IBK Capital; and Kwon Yong-dae, Deputy Head of the Innovation Finance Group at IBK Corporate Bank, are taking a commemorative photo after signing a business agreement at the IBK Investment & Securities headquarters in Yeouido, Seoul on the 26th. Photo by IBK Investment & Securities

[Asia Economy Reporter Son Seon-hee] IBK Financial Group and DS Asset Management have formed a 'Green Finance Fund' worth 100 billion KRW to provide liquidity to eco-friendly small and medium-sized enterprises.

IBK Investment & Securities announced on the 26th that it signed a business agreement on this matter at its headquarters in Yeouido, Seoul. IBK Investment & Securities, IBK Capital, and DS Asset Management will serve as general partners (GP) and jointly manage the fund. According to the Green New Deal investment joint standards, the fund will focus on investing in small and medium-sized enterprises and mid-sized companies related to 'eco-friendly power generation, renewable energy, smart farms, and new manufacturing processes.'

Seobyeong-gi, CEO of IBK Investment & Securities, stated, "There is a need to supply liquidity to promising small and medium-sized enterprises facing difficulties due to interest rate hikes and concerns about economic recession," adding, "We will fulfill the role of IBK Financial Group's innovative financial platform to contribute to the sustainable growth of companies and strengthen the competitiveness of the domestic green industry."

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