Korea Development Bank, LB Investment and 2 Others Selected as Delegated Managers for 'AI Korea Fund'

On the 11th, Korea Development Bank announced that four asset management companies were finally selected as entrusted managers for the 'AI Korea Fund.'

Korea Development Bank conducted a screening process for 10 companies that applied for the entrusted manager public offering and selected one medium-sized company (fund size of 200 billion KRW) and three small-sized companies (fund size of 100 billion KRW).

The selected asset management companies plan to promptly establish a fund totaling 500 billion KRW, using 150 billion KRW of Korea Development Bank's investment as seed money.