Korea Development Bank Selects Shinhan and Woori Asset Management for Innovation Growth Financial Fund

Announcement for Sub-Fund Selection Expected in February

Korea Development Bank announced on the 10th that it has selected Shinhan Asset Management and Woori Asset Management as entrusted operators for the Innovation Growth Fund 2025 financial mother fund. Shinhan will be responsible for innovative industries, while Woori will handle growth support.

The selected entrusted operators will work with KDB to establish detailed plans for raising the 3 trillion won Innovation Growth Fund and will perform roles such as selecting sub-fund operators and managing the investment status of sub-funds. The announcement for sub-fund selection is expected to be made in February.

KDB stated, “It is encouraging that qualitative and quantitative growth is being achieved in the private mother fund management market through policy funds established by the bank, including the Innovation Growth Fund,” and added, “We ask for your great interest in the upcoming Innovation Growth Fund sub-fund public offering project.”