Saneun, Daesin PE, and Two Other Firms Selected as Mandated Managers for the 'Global Supply Chain Response Fund'

[Image source=Yonhap News]

On the 14th, the Korea Development Bank announced that it has selected three companies?Daishin Private Equity (Daishin PE), WelltoSee Investment, and Kiwoom Investment?as entrusted operators for the 'Global Supply Chain Response Fund.'

By support area, Daishin Private Equity and WelltoSee Investment were chosen as entrusted operators for a mid-sized fund worth 200 billion KRW, while Kiwoom Investment was selected as the entrusted operator for a small-sized fund worth 100 billion KRW.

The Korea Development Bank is conducting the 'Global Supply Chain Response Fund' investment project as a follow-up measure to the government's 'Comprehensive Export Finance Support Plan.' The bank explained, "Using 200 billion KRW in capital contributions from Korea Development Bank and Industrial Bank of Korea as seed money, we will promptly establish a fund totaling 500 billion KRW to support strengthening domestic companies' capabilities to respond to supply chain crises."

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