Saneun to Foster 1 Trillion-Won Venture Capital with 'Growth Ladder Fund 2' Creation

On the 30th, Korea Development Bank announced on the 31st that it signed a business agreement for the establishment of the 'Growth Ladder Fund 2' in collaboration with Industrial Bank of Korea and the Bank Sector Youth Startup Foundation at Front1 in Mapo, Seoul.

This fund is one of the support measures for the venture capital market announced by the Financial Services Commission at the 4th Policy Finance Support Council held last September. It will be established following the end of the investment period of the existing Growth Ladder Fund and plans to invest a total of more than 1 trillion KRW over five years based on the funds recovered from the Growth Ladder Fund.

The newly established fund will focus on investing intensively in deep tech and climate response sectors, which are difficult for the private sector to enter proactively, secondary sectors to support the recovery market, and matching investment sectors related to industrial policy, thereby driving the revitalization of the private venture capital market.

KDB stated, "The existing Growth Ladder Fund invested 15.2 trillion KRW in a total of 4,190 companies over 10 years, playing a catalytic role for venture companies at the startup, growth, and recovery stages. It is also evaluated to have played a significant role in the growth of domestic venture companies by promoting the emergence of various private venture funds during the investment process," adding, "We have high expectations for the role of the newly established Growth Ladder Fund 2."

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