BNK Financial Group Launches Full-Scale Investment in Strategic Industries and Venture Companies
BNK Venture Investment Formed 25 Billion KRW 'BNK Storage B Fund' Last Year
Focused Investment in Busan's 7 Strategic Industries and Promising Companies Including Smart Finance
BNK Financial Group (Chairman Bin Dae-in), together with its group affiliates, has established a 25 billion KRW 'StorageB Fund' to invest in regional strategic industries and promising small and venture companies, and has begun full-scale investment.
The StorageB Fund is a fund formed last December by BNK Venture Investment, an affiliate of BNK Financial Group, in cooperation with Busan City to support the local startup ecosystem.
The 'Busan Regional New Deal Venture Mother Fund,' the first of its kind nationwide, contributed 15 billion KRW, and BNK Financial Group's affiliates contributed 10 billion KRW, forming the 25 billion KRW StorageB Fund. Utilizing this fund, BNK Financial Group and BNK Venture Investment plan to start full-scale investments from this year.
In particular, they plan to focus investments on promising small and venture companies pursuing Busan's seven strategic industries, including smart finance, smart marine, intelligent machinery, future transportation devices, global tourism, intelligent information services, life care, and cleantech.
BNK Financial plans to operate the StorageB program, a startup-focused cultivation system, in conjunction with this fund to continuously create successful cases. Centered on the Group's Future Innovation Department, they will spare no effort to provide maximum support to discover and nurture excellent startups that can contribute to the region and the Group's future new growth businesses.
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Since the opening of the Busan-Ulsan-Gyeongnam Venture Investment Center in 2020, BNK Venture Investment has invested 48.6 billion KRW in 18 ventures in the Busan area and 67.3 billion KRW in 26 companies in the Southeast region, supporting the capital supply and growth of local companies and leading the development of new growth businesses and job creation in the Busan-Ulsan-Gyeongnam region.
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