Korea Development Bank Selects Managers for 2025 Southern Region Growth Support Fund

On September 23, Korea Development Bank announced that it has finalized the selection of five asset management companies as the managers for the '2025 Southern Region Growth Support Fund'.

Korea Development Bank conducted a fair and transparent review process for 15 applicants for the fund manager position, ultimately selecting two private equity fund managers (fund size: 240 billion KRW) and three venture capital fund managers (fund size: 105 billion KRW). The selected managers plan to swiftly establish a total fund of 345 billion KRW, using the 100 billion KRW contributed by Korea Development Bank as seed capital.

This investment initiative is the first regionally focused fund to be directly established since the launch of the Southern Region Headquarters. It aims to foster strategic industries in the southern region, support investment in new industries, and enhance industrial competitiveness through business restructuring.

Korea Development Bank stated, "We will continue to actively fulfill our role as a policy financial institution to promote balanced regional development and support the growth of companies in the southern region, in line with government policy directions."

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