Korea Securities Finance Corporation Signs Business Agreement with Korea Growth Investment Corporation to Establish "K-growth Fund"

Korea Securities Finance Corporation announced on the 12th that it had signed a business agreement with Korea Growth Investment Corporation to establish the "K-growth Fund."

Korea Securities Finance Corporation.

Through this business agreement, Korea Securities Finance Corporation will contribute a total of 62 billion won to the K-growth Fund. Korea Growth Investment Corporation plans to establish lower-tier funds totaling 310 billion won to support the supply of venture capital to the domestic capital market and to invigorate the venture market.

The fund will provide matching capital to funds that invest in small and medium-sized enterprises and mid-sized companies within the value chains of advanced strategic industries such as artificial intelligence (AI), bio, and energy.

Kim Jeong-Kag, President of Korea Securities Finance Corporation, said, "By creating this fund, we will actively support the government's policy of productive finance and, together with capital market participants, pursue a leap forward for future growth," adding, "We will strive to create synergies for the development of the capital market by fostering advanced strategic industries and encouraging innovative companies to scale up."

Heo Seongmu, CEO of Korea Growth Investment Corporation, said, "In a situation where it is difficult to attract matching private funds, the provision of matching capital will greatly help the swift formation and investment of the lower-tier funds," and added, "Through cooperation between the two institutions, we will work to expand funding opportunities for future high-tech companies and contribute to the sustainable growth of the domestic capital market and the economy."

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