NH NongHyup Financial Group said on the 26th it will create the "NH Korea Shared Growth Fund" (tentative name) totaling 1 trillion won.
The fund is intended to support the successful rollout of the government’s flagship growth policy, the "National Growth Fund," and to foster advanced strategic industries. It will be formed in two rounds within the year, with all 1 trillion won to be contributed by NongHyup affiliates.
Investments will focus on national advanced strategic industries such as artificial intelligence and digital technology.
In infrastructure investment and lending, the group plans equity investments in projects building out strategic-industry infrastructure and to provide funding through the project financing (PF) stage. The aim is to help national strategic infrastructure projects grow on a stable footing. PF is a financing method that raises funds based on expected future cash flow and project viability.
Direct investments will concentrate on government initiatives to develop advanced strategic industries, including efforts described as fostering a "K-Nvidia."
NongHyup Financial also said it will support the selection of sub-fund managers chosen under financial regulators’ plans for policy funds, and it expects to participate as a major investor in individual funds to be created.
The group plans to form a first fund of 500 billion won as early as next month and deploy it in infrastructure investment and lending. NH-Amundi Asset Management will serve as the general partner.
Chairman Lee Chan-woo said the fund will serve as a "reliable pillar" for nurturing advanced strategic industries and revitalizing regional economies. He said all NongHyup Financial affiliates will unite to take the social responsibility of finance and proactively cooperate with national growth policies through what he called productive finance.
The fund is intended to support the successful rollout of the government’s flagship growth policy, the "National Growth Fund," and to foster advanced strategic industries. It will be formed in two rounds within the year, with all 1 trillion won to be contributed by NongHyup affiliates.
Investments will focus on national advanced strategic industries such as artificial intelligence and digital technology.
In infrastructure investment and lending, the group plans equity investments in projects building out strategic-industry infrastructure and to provide funding through the project financing (PF) stage. The aim is to help national strategic infrastructure projects grow on a stable footing. PF is a financing method that raises funds based on expected future cash flow and project viability.
Direct investments will concentrate on government initiatives to develop advanced strategic industries, including efforts described as fostering a "K-Nvidia."
NongHyup Financial also said it will support the selection of sub-fund managers chosen under financial regulators’ plans for policy funds, and it expects to participate as a major investor in individual funds to be created.
The group plans to form a first fund of 500 billion won as early as next month and deploy it in infrastructure investment and lending. NH-Amundi Asset Management will serve as the general partner.
Chairman Lee Chan-woo said the fund will serve as a "reliable pillar" for nurturing advanced strategic industries and revitalizing regional economies. He said all NongHyup Financial affiliates will unite to take the social responsibility of finance and proactively cooperate with national growth policies through what he called productive finance.
* This article has been translated by AI.
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