Korea Growth Investment Corp. Selects 4 Managers for Technology Innovation Fund
Korea Growth Investment Corp. announced that it has selected four final asset managers to operate the 'Technology Innovation Fund.' The selected firms include a total of four companies, such as Magna Investment and NH Investment & Securities.
The Technology Innovation Fund was established to support the technological development and innovative growth of domestic companies. In collaboration with the government and the financial sector, the fund plays a role in investing capital into companies with promising technologies and helping them achieve global competitiveness.
The selected asset managers plan to raise and operate a fund worth approximately 200 billion KRW. This capital will be primarily focused on investing in small and medium-sized enterprises (SMEs) and middle-market companies in key future industrial sectors, such as artificial intelligence (AI), semiconductors, and biotechnology.
Korea Growth Investment Corp. stated that it hopes this selection will provide a foundation for domestic companies to grow further based on their technological capabilities. The investment industry expects that this fund will inject vitality into the domestic technology startup ecosystem.
Market attention is now focused on which companies the selected managers will choose for investment. All eyes are on whether the operation of this fund will provide practical assistance to domestic technological innovation and economic growth.