Noahn Partners and 5 Others Pass Document Screening for 'San-eun Global Supply Chain Response Fund'

6 out of 13 Proposed Companies Pass Document Screening... Asset Managers to be Selected in March

On the 10th, the creditor meeting of Taeyoung Construction was held at the headquarters of the Korea Development Bank in Yeouido, Seoul. Photo by Younghan Heo younghan@

On the 29th, the Korea Development Bank announced that it has selected 6 companies out of 13 proposals in the document screening for the 'Global Supply Chain Response Fund' entrusted management company selection.

The asset management companies that passed the document screening include 4 medium-sized companies (fund size of 200 billion KRW) and 2 small-sized companies (fund size of 100 billion KRW). No & Partners, Daishin Private Equity, WelltoSee Investment, and Koston Asia passed the document screening in the medium-sized fund category, while Aju IB Investment and Kiwoom Investment passed in the small-sized fund category.

The Korea Development Bank plans to establish two medium-sized funds worth 200 billion KRW each and one small-sized fund worth 100 billion KRW. The Korea Development Bank and Industrial Bank of Korea will invest 160 billion KRW in the medium-sized funds and 40 billion KRW in the small-sized fund.

After on-site inspections and oral examinations, the Korea Development Bank plans to finalize the selection of two medium-sized fund managers and one small-sized fund manager by March, aiming to promptly respond to funding demands to overcome difficulties in the Global Supply Chain.

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