20 Companies Pass Document Screening for San-eun and Growth Finance Policy New Deal Fund

20 Out of 28 Applied Asset Management Companies Passed

[Asia Economy Reporter Park Sun-mi] Korea Development Bank and Korea Growth Investment Corporation announced on the 13th that, as a result of the document screening for the selection of discretionary fund managers for the 2021 Policy-type New Deal Fund, 20 out of 28 applicants passed.

By support field, 19 companies are corporate investment type for purposes such as regular supplementation, and 1 company is infrastructure investment type.

KDB and Growth Investment plan to select 12 fund managers by the end of June through on-site inspections and oral evaluations to smoothly establish the 2021 Policy-type New Deal Fund. A KDB official stated, "The 28 companies selected for the regular investment project with a target of 3 trillion won at the end of February have achieved a fund-raising performance of 501.2 billion won as of the end of May (16.7% of 3 trillion won), and the recruitment of private investors is progressing smoothly with the goal of fund formation within the year."