KB Financial Group Establishes $110.3 Million Venture Fund for Deep-Tech Scaleups
KB Financial Group has launched the KB Deep Tech Scale-up Fund, a $110.3 million initiative aimed at supporting innovative companies in deep-tech sectors such as artificial intelligence and robotics. The fund, which includes contributions from the Korea Fund of Funds and KB affiliates, will focus on nine key areas and aims to facilitate commercialization and global growth by investing over 10 billion won per company. This initiative is part of a broader strategy to enhance productive financing and strengthen South Korea's industrial competitiveness.
Theia Market Signal Identification - AI Assisted
KB Financial Group has launched the KB Deep Tech Scale-up Fund, a 160 billion won ($110.3 million) initiative aimed at supporting innovative deep-tech companies in areas such as artificial intelligence and robotics. The fund is part of a strategy to enhance productive financing and bolster South Korea's industrial competitiveness.
It comprises 75 billion won from the Korea Fund of Funds and 85 billion won from KB affiliates, including KB Kookmin Bank and KB Securities. The fund will target nine sectors: system semiconductors, bio and healthcare, future mobility, eco-friendly energy, robotics, cybersecurity, aerospace, next-generation nuclear power, and quantum technology, with investments exceeding 10 billion won per company to facilitate commercialization and global growth.
Comments