The fund is a 1 trillion won blind pool. KB Asset Management will set up and manage it, and it will be financed entirely with funds from KB Financial Group, including KB Kookmin Bank, KB Insurance and KB Life.
The fund will adopt what the bank described as the industry’s first “perpetual closed-end infrastructure fund” structure, aimed at reducing profit-and-loss volatility that can arise in managing large funds. The bank said the structure provides a stable operating base despite the fund’s size in Korea’s infrastructure finance market.
The KB Kookmin Growth Infrastructure Fund plans to invest in domestic digital infrastructure, energy infrastructure, the renewable energy transition, and social overhead capital projects tied to balanced regional development. A key project under review is the “Yongin Semiconductor Cluster district energy project.” The bank said it will continue to identify mega infrastructure projects that can raise South Korea’s growth potential.
KB Kookmin Bank has been expanding financial support for large infrastructure projects, including arranging financing for the “Sinan Ui offshore wind power project,” selected as the first investment for the Kookmin Growth Fund, and committing capital to the KB Kookmin Growth Infrastructure Fund. The bank said it aims to contribute to meeting the Kookmin Growth Fund’s 10 trillion won supply target under KB Financial Group’s plan to provide 93 trillion won in productive financing by 2030.
A KB Kookmin Bank official said the fund is intended to strengthen South Korea’s future growth foundation by expanding investment in advanced strategic industries and core national infrastructure. The official said the bank will continue to support sustainable economic growth and stronger industrial competitiveness through productive financing.
* This article has been translated by AI.
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