US EditionKB Financial Group to Set up 'Infra Fund' for Balanced Growth, Youth Job Creation
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KB Financial Group to set up 'infra fund' for balanced growth, youth job creation
KB Financial Group will set up a 1 trillion won ($688 million) infrastructure fund to support advanced industries, reduce regional inequality and create quality jobs for young people, as part of its growing role in financing Korea’s long-term economic growth, the company said Thursday. The initiative supports the government’s 150 trillion won national growth fund plan and its regional balanced growth strategy, widely known as “five growth poles,…
KB Financial Group is establishing a large-scale infrastructure fund worth 1 trillion won to invest in strategic national industries such as semiconductors and energy. This is the first infrastructure fund created solely by a private financial group, and its investment targets include the Yongin Semiconductor Cluster and the collective energy sector.
[Digital Daily Reporter Lee Ho-yeon] KB Financial Group announced on the 19th that it will establish the "KB National Growth Infrastructure Fund," a fund of approximately KRW 1 trillion that will pool the group's investment capabilities to secure new growth engines for the Korean economy and contribute to balanced regional development. This fund was created in line with the government's KRW 150 trillion National Growth Fund plan, which began wit…
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