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BackKorea Development Bank and IBK Industrial Bank of Korea form ‘KDB-IBKS Next Stage Fund’ worth 120 billion won
Korea Development Bank and IBK Industrial Bank of Korea form ‘KDB-IBKS Next Stage Fund’ worth 120 billion won
NEWS
연합뉴스16 hours agoBusiness1 min readSouth KoreaView original

Korea Development Bank and IBK Industrial Bank of Korea form ‘KDB-IBKS Next Stage Fund’ worth 120 billion won

Korea Development BankIBK Industrial BankKDB-IBKS Next Stage Fund

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Korea Development Bank announced that it has formed the 'KDB-IBKS Next Stage Fund' worth 120 billion won with IBK Industrial Bank to provide intensive support for promising innovative companies by providing growth funds and listing support.

AI-generated summary

Why It Matters

Korea Development Bank and IBK Industrial Bank formed a cooperative fund to support the innovative growth of small and medium-sized companies and their establishment in the capital market.

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(Seoul = Yonhap News) Reporter Jiyeon Kim = Korea Development Bank announced on the 22nd that it has formed the 120 billion won 'KDB-IBKS Next Stage Fund' to intensively support the innovative growth and capital market settlement of small and medium-sized companies with IBK Industrial Bank of Korea and affiliates of both institutions.

We focused on providing growth funds to promising innovative companies preparing for listing in a timely manner to support business expansion and improvement of corporate value, as well as supporting successful settlement in the capital market in the future.

The Korea Development Bank and the Industrial Bank of Korea affiliates will each invest 60 billion won, raising a total of 120 billion won, and the Korea Development Bank and IBK Investment & Securities will jointly manage it.

KDB said, "By combining Korea Development Bank's corporate finance and investment experience with IBK Investment & Securities' IPO and capital market expertise, we plan to increase our ability to support each stage of growth, from discovering promising companies to investing, improving corporate value, and preparing for listing."

What to Watch

AI outlook — possibilities, not facts

  • Promising innovative companies selected through the fund will achieve successful listing within the next 2-3 years.

    Possible · Within years

Open Questions

  • What are the criteria for selecting specific investment target companies for the fund?
  • What is the fund's operating period and liquidation plan?
  • What is the specific management role and scope of responsibility of IBK Investment & Securities?

Related Topics

Korea Development Bank
PeopleJiyeon Kim
OrganizationsIBK Industrial BankIBK Investment & Securities
PlacesSeoul
TopicsIBK Industrial BankKDB-IBKS Next Stage FundInnovative companygrowth fundsListing supportIBK Investment & Securities
This article was originally published by 연합뉴스.

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