Korea Development Bank Passes 6 Companies in SoBuJang Blind Fund Document Screening

6 Companies Selected Among 16 Asset Management Firms

[Asia Economy Reporter Jin-ho Kim] The Korea Development Bank announced on the 10th that out of 16 asset management companies that applied for the selection of entrusted operators for the second blind fund dedicated to investment in the materials, parts, and equipment sector, 6 companies passed the document screening.

In the general sector, four companies?Lindeman Asia Investment, Yuanta Investment, TS Investment, and Korea Investment Partners & Kingo Investment Partners?passed, while in the semiconductor sector, two companies?Mirae Asset Venture Investment & We Ventures and UTC Investment & P&P Investment?passed the document screening.

The bank plans to select the final three entrusted operators by the end of May after on-site inspections and oral examinations. Subsequently, it plans to promptly proceed with the establishment and execution of a blind fund worth 300 billion KRW within this year.

Meanwhile, in the first phase of the project, as of March, a fund worth 648.5 billion KRW was established, and investments totaling 340.8 billion KRW were made in promising materials, parts, and equipment companies.