Korea Development Bank Selects Five Asset Managers for Southern Region Growth Fund

The Korea Development Bank announced on July 29 that it has selected five asset managers for the 2026 Southern Region Growth Support Fund.

For the private equity fund, which has a scale of 240 billion won, the selected managers are Deoham Partners and Rilson Private Equity, each with a fundraising target of 120 billion won.

Three firms—Reinvestment, Wonik Investment Partners, and E&Investment—were chosen for the venture capital fund, which totals 105 billion won, with each manager required to raise 35 billion won.

The fund aims to establish a total of 345 billion won, leveraging an initial investment of 100 billion won from the Korea Development Bank.

This initiative is designed to strengthen the regional venture ecosystem in the southern area, which includes Busan, Ulsan, Gyeongnam, Jeonnam, Gwangju, and Jeonbuk, and to enhance business competitiveness through investments in new industries.

Experts note that identifying quality investment opportunities within the region will be crucial for the Southern Region Fund to effectively contribute to the growth of local innovative companies.

The Korea Development Bank emphasized its commitment to fulfilling its role as a policy finance institution to promote balanced regional development and support the growth of southern firms in line with government policy directions.