Search results for Kookmin Growth Fund
AI & Enterprise
Upstage valuation nears 1.6 trillion won, spotlighting KT\'s early investment
KT’s early investment in AI startup Upstage is drawing renewed attention as Upstage’s valuation rises. KT invested 10 billion won in October 2023 to acquire a 2.84 percent stake. The investment sector values Upstage at about 1.6 trillion won, implying KT’s stake is worth about 45 billion won. KT and Upstage have also collaborated on projects including a Thai-language large language model initiative.
Finance
KB Kookmin Bank commits 500 billion won to KB Kookmin Growth Infrastructure Fund
KB Kookmin Bank said on Wednesday it signed an agreement to commit 500 billion won to the 1 trillion won KB Kookmin Growth Infrastructure Fund. The blind fund, established and managed by KB Asset Management, will be financed entirely with KB Financial Group funds, with KB Insurance and KB Life also participating. It adopts a perpetual closed-end structure and plans to invest in digital, energy, renewable transition and regional SOC projects.
Finance
Fintech hot issue: KOSPI surges as financial firms speed up AI adoption, digital innovation
South Korea\'s KOSPI has risen sharply, clearing 5,500 through 5,900 in quick succession after the Lunar New Year holiday and nearing 6,000, with renewed U.S. tariff risks flagged as a variable. In finance, AI-driven digital transformation is spreading from senior care services to internal control and safety systems and next-generation platforms. Financial groups are also rolling out projects tied to productive finance, while earnings releases and fintech developments continue.