KAMCO Establishes 250 Billion KRW 'Loan-Type Corporate Support Fund' to Support Key Industries

Support for Business and Financial Restructuring of Key Industries Including Automobile Sector

Operation Structure of the Korea Asset Management Corporation (KAMCO) Loan-Type Corporate Support Fund (PDF)

KAMCO (Korea Asset Management Corporation) announced on the 15th that it has established the 4th loan-type corporate support fund (KAMCO PDF) worth 250 billion KRW to support key industries such as automobile parts companies.

The ‘KAMCO PDF 4th’ will execute loan-type investments targeting small and medium-sized automobile parts manufacturers that are pursuing business or financial restructuring in line with the government’s future car transition support measures and industrial paradigm shifts.

KAMCO has committed a total investment of 100 billion KRW, including subordinated capital, to facilitate smooth private fund attraction for the ‘KAMCO PDF 4th,’ and Woori Asset Management is in charge of fund operation.

Additionally, KAMCO has established a cooperative system for corporate support by signing business agreements with Hyundai-Kia Motors, Hyundai Mobis, and Hyundai Commercial to support the automobile parts industry for the efficient operation of the PDF.

So far, through ‘KAMCO PDF 1st to 3rd,’ KAMCO has supported 48 small and medium-sized enterprises with 808.7 billion KRW, and it is expected that the prompt establishment of the ‘KAMCO PDF 4th’ will contribute to the smooth business transition and enhancement of industrial competitiveness of supported companies.

President Kwon Nam-ju said, “As the industrial paradigm is rapidly changing, such as the transition to future cars, the role of corporate support funds has become even more important,” adding, “KAMCO will continue to strengthen its role as an anchor investor (LP) to support companies’ proactive structural improvements and full-scale re-leaps.”

Meanwhile, KAMCO operates various corporate support programs including ▲PEF, PDF corporate support fund establishment and investment ▲asset purchase and lease programs ▲DIP financing for rehabilitating companies, and detailed information can be found on the online comprehensive portal site ‘OnGieop.’