The Kukmin Growth Fund’s fiscal fund-of-funds GP selection has narrowed to four experienced asset managers, with Mirae Asset Global Investments eliminated due to lack of venture fund-of-funds experience; Korea Development Bank is set to finalize appointments and launch sub-funds within the year.
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Kukmin Growth Fund Fiscal Fund-of-Funds Narrows to Four Finalists—Mirae Asset Fails to Advance Due to Lack of Experience
The Kukmin Growth Fund’s fiscal fund-of-funds GP selection has narrowed to four experienced asset managers, with Mirae Asset Global Investments eliminated due to lack of venture fund-of-funds experience; Korea Development Bank is set to finalize appointments and launch sub-funds within the year.
South Korea’s major banks are seconding IB staff to Korea Development Bank to jointly source and evaluate large-scale deals for the National Growth Fund, aiming to boost productive finance and support mega infrastructure projects.
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Why Major Banks Are Seconding IB Staff to Korea Development Bank
South Korea’s major banks are seconding IB staff to Korea Development Bank to jointly source and evaluate large-scale deals for the National Growth Fund, aiming to boost productive finance and support mega infrastructure projects.
KB Asset Management withdrew from the National Growth Fund’s fiscal fund-of-funds bid after Korea Development Bank required prior fund-of-funds management experience, narrowing the competition to four major asset managers with established track records.
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Five Asset Managers Vie for Korea Development Bank’s National Growth Fund Mandate
Five major asset managers, including Mirae Asset and Shinhan, are competing to manage Korea Development Bank’s National Growth Fund, with four mandates up for grabs in 2026.
Korea Development Bank Reports Decline in 2025 Net Profit Amid Petrochemical Sector Restructuring
Korea Development Bank’s 2025 net profit fell 15% year-on-year to 1.7 trillion won, as increased credit loss provisions for the petrochemical sector and higher funding costs weighed on earnings.
Korea Development Bank has successfully raised $3 billion through a three-tranche global bond issuance, achieving a record-low spread on its five-year notes and attracting strong demand from international investors, including major central banks.
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Korea Development Bank Successfully Issues $3 Billion in Global Bonds
Korea Development Bank has successfully raised $3 billion through a three-tranche global bond issuance, achieving a record-low spread on its five-year notes and attracting strong demand from international investors, including major central banks.
Homeplus Requests DIP Loan Participation from Meritz and KDB
Homeplus has requested Meritz Financial Group and Korea Development Bank to join a 300 billion won ($225 million) DIP loan, aiming to resolve its liquidity crisis and implement restructuring plans.
Volatility in global markets, driven by US-Europe tensions over Greenland and Japanese bond concerns, has cooled the Korean Paper market, prompting issuers like KDB to adjust issuance strategies and raising caution ahead of South Korea’s upcoming FX stabilization bond sale.
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Volatility Rises on Greenland, Japanese Bonds—Korean Paper Rally Faces Headwinds
Volatility in global markets, driven by US-Europe tensions over Greenland and Japanese bond concerns, has cooled the Korean Paper market, prompting issuers like KDB to adjust issuance strategies and raising caution ahead of South Korea’s upcoming FX stabilization bond sale.
South Korea will inject 8.8 trillion won ($6.5 billion) into its semiconductor ecosystem by next year, including 4.7 trillion won in financial support, expanded tax incentives, and major infrastructure investments, as part of a comprehensive plan to boost the industry’s global competitiveness.
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Government to Inject 8.8 Trillion Won into Semiconductor Ecosystem by Next Year—4.7 Trillion Won in Financial Support
South Korea will inject 8.8 trillion won ($6.5 billion) into its semiconductor ecosystem by next year, including 4.7 trillion won in financial support, expanded tax incentives, and major infrastructure investments, as part of a comprehensive plan to boost the industry’s global competitiveness.
Kim Byung-hwan Urges Financial Groups to Support Firms Hit Hard by US Tariff Shock
South Korea’s top financial regulator urged major financial groups to step up funding support for companies hit by US tariffs, as market uncertainty rises ahead of a government transition.
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