Daejeon City Launches 200 Billion Won "Daejeon D-Leap Fund" Initiative

Investment Agreement with Hana Bank for 100 Billion Won...
Focused Investments in Strategic Industries and Deep Tech Companies

Lee Jangwoo, Mayor of Daejeon (center), is signing an agreement on the 13th with Hana Bank and Daejeon Investment Finance to establish the "Daejeon D-Leap Fund." / Daejeon City

The Daejeon city government announced that it has signed an investment agreement (MOU) with Hana Bank and Daejeon Investment Finance Co., Ltd. to establish the "Daejeon D-Leap Fund" with a total scale of 200 billion won, marking the start of a full-fledged public-private partnership system to foster regional strategic industries and technology-based companies.

Under the agreement, Hana Bank will contribute 100 billion won, while Daejeon Investment Finance Co., Ltd. will take charge of the fund's formation and management, focusing on indirect and direct investments in promising startups and venture companies, particularly in the six strategic industries (ABCDQR) and deep tech sectors designated by Daejeon City.

The city plans to make every effort to secure an additional 100 billion won within the first half of this year by attracting investments from other financial institutions, public enterprises, and public agencies.

Through the fund, the city aims to ensure that technology-based startups in the region can stably secure growth capital and lay the foundation to become globally competitive companies. In particular, the focus will be on proactively discovering and nurturing early-stage companies with creative technological capabilities and commercialization potential.

Once fundraising is complete, the fund will hold a launch ceremony at the end of June and begin full-scale operations in the second half of the year. The fund is designed to allow both direct investments and the participation of indirect investors (LPs) by selecting promising companies within the fund.

A city official stated, "This agreement marks a turning point in reorganizing the regional industrial ecosystem around the private sector," adding, "We will also strengthen administrative and institutional foundations to ensure that private capital can be stably channeled into innovative industries through sustainable fund management."

A Hana Bank representative said, "The 100 billion won investment in the Daejeon D-Leap Fund is a bold move that follows the long-standing 60-year relationship and friendship with Daejeon City, beginning with Chungcheong Bank and continuing with Daejeon Hana Citizen. As a regional bank, this investment is highly meaningful in fulfilling our role and contributing to the development of the Daejeon area."

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