KDB Exceeds Last Year's Policy Fund Investment Targets

Innovation Growth Fund, Semiconductor Ecosystem Fund, Nuclear Power Industry Growth Fund

Korea Development Bank (KDB) announced that it achieved last year's fundraising targets for all policy funds it initiated, including the Innovation Growth Fund, which is the largest policy investment project in the country.

KDB explained that this was the result of attracting participation from outstanding management companies and private investors by analyzing market demand, even amid the contraction of the venture capital market caused by incidents such as the Homeplus situation. The bank added that the final fundraising amount is expected to increase further, considering the additional recruitment period (Multi-Closing) scheduled until March this year.

Since launching its policy investment projects in 2018, KDB has exceeded its fundraising targets every year and demonstrated high policy effectiveness, achieving a fiscal multiplier effect of 13 times. For example, by investing 2.5 trillion won in fiscal funds, it has created 32.5 trillion won in policy funds.

Starting this year, KDB plans to continue its investment projects through the National Growth Fund (indirect investment sector) and stated, "As a national policy institution, we will actively play a leading role in fostering advanced strategic industries."