South Korea has launched the 'National Growth Fund,' a 150 trillion won policy fund over five years, to invest in strategic industries and support startups. The fund aims to help ventures overcome financial hurdles and aims for significant tax benefits for investors.
The National Participation Growth Fund, launched with government support, sold out on its first day, with nearly 40% of bank sales going to low-income individuals. This indicates a significant inflow of funds from ordinary citizens into the capital market.
The "National Participation Growth Fund," launched on May 22nd, has experienced overwhelming demand, with some brokerages selling out their allocated amounts within 10 minutes of sales opening. Banks also saw customers lining up before opening hours for the 'open run' phenomenon.
Beauty and wellness booking marketplace Fresha has raised $80 million from KKR, valuing the London-based company at over $1 billion. The funds will be used for international expansion and developing AI features.
