NongHyup Financial Group Delivers Public Interest Fund for Pilseung Korea Fund

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[Asia Economy Reporter Kiho Sung] NongHyup Financial Group announced on the 5th that it delivered the Pilseung Korea Fund public interest fund with the attendance of Sohn Byung-hwan, Chairman of NongHyup Financial Group, Park Hak-joo, CEO of NH-Amundi Asset Management, Moon Seung-wook, Minister of Trade, Industry and Energy, Park Geon-su, President of Korea Polytechnic University, and Song Tae-kyung, Vice President of Sogang University.

At the delivery ceremony held on the 3rd at the Government Seoul Office, 1.2 billion KRW of public interest funds accumulated through the operation of the Pilseung Korea Fund were delivered as scholarships to 12 universities selected by the Ministry of Trade, Industry and Energy as advisory universities for materials, parts, and equipment technology strategy.

The 'Pilseung Korea Fund' is the first private fund for materials, parts, and equipment launched by NH-Amundi Asset Management in August 2019. It is an equity fund that mainly invests in companies related to materials, parts, and equipment that urgently need to strengthen competitiveness due to changes in global trade conditions, as well as domestic companies with global competitiveness and growth potential.

Sohn Byung-hwan, Chairman of NongHyup Financial Group, said, “I hope this scholarship delivery will help nurture future talents to strengthen domestic industrial competitiveness,” and added, “NongHyup Financial will continue to do its best to contribute to domestic industrial development and various public interest projects through the development of various public interest products.”

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