IBK Bank announced on September 22 that it has established the 'KDB-IBKS Next Stage Fund' in collaboration with the Korea Development Bank, aimed at investing a total of 120 billion won in promising innovative companies prior to their public offerings (IPOs).
The fund is designed to provide financial support to innovative companies with high growth potential, facilitating their entry into the KOSDAQ market and encouraging private investment inflows.
Both IBK Bank and the Korea Development Bank will contribute 60 billion won each. IBK Bank and the Korea Development Bank will each bear 50 billion won, while their affiliates, IBK Investment Securities and KDB Capital, will each contribute 10 billion won. The fund will be jointly managed by IBK Investment Securities and the Korea Development Bank.
The primary investment targets will be innovative growth companies and pre-IPO firms. Investments will focus on companies that have signed underwriting contracts or aim for an IPO within the next three years.
An IBK Bank official stated, "This fund is part of our task force aimed at revitalizing the KOSDAQ market," adding that they plan to establish a total fund of 500 billion won over the next three years. The official also mentioned plans to create additional post-IPO funds centered on listed companies to expand financial support for innovative firms at various growth stages.
* This article has been translated by AI.
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