Dongguk Holdings Appoints Bae Chang-ho, Head of Shinhan Capital Division, as CVC CEO

Investment Expert with Extensive Experience in Corporate Capital Management
Focusing on Discovering New Growth Engines

Bae Chang-ho, CEO nominee of Dongguk Technology Investment (tentative name). Photo by Dongguk Holdings

Dongkuk Holdings, the holding company of Dongkuk Steel Group, announced on the 1st that it has appointed Bae Chang-ho, former Head of Investment Finance Division 1 at Shinhan Capital, as the CEO-designate of the corporate venture capital (CVC) firm tentatively named 'Dongkuk Technology Investment.'

Bae Chang-ho graduated from Korea University with a degree in law and gained investment experience at Dongyang Comprehensive Finance, Cerberus Korea, and SBI Investment. He joined Shinhan Capital in 2007, serving as Head of Investment Division 1 and Head of Screening Division 1 before becoming Head of Investment Finance Division 1.

Notably, Bae is an investment expert who has hands-on experience in all stages of corporate capital management, including bonds, non-performing loans, equity investments, and fund management. While serving as Head of Investment Finance Division 1 at Shinhan Capital, he oversaw the Venture Investment Department, Global Alternative Investment Department, and Alternative Investment Department, managing assets worth approximately 2 trillion KRW and achieving high investment returns, earning the Best Division Award in 2022.

Dongkuk Holdings expects him to play a key role in securing growth engines for the sustainable growth of Dongkuk Steel Group by ▲ investing in steel-related materials, parts, and equipment ▲ reviewing group-related businesses such as IT, logistics, and infrastructure ▲ discovering new business opportunities.

Dongkuk Holdings plans to launch 'Dongkuk Technology Investment' (tentative name) within the first quarter after completing the staffing led by the new CEO-designate and will apply for registration as a New Technology Business Financial Specialized Company (New Biz Finance Company) with the Financial Supervisory Service. The company aims to complete the registration within the year.

Dongkuk Steel Group completed its transition to a holding company system last December following the conclusion of the Fair Trade Commission's review. As the holding company, Dongkuk Holdings will serve as the group's strategic control tower and seek future growth engines through its CVC.

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