Finance
KB Financial to contribute 3 billion won to mutual growth fund, seeks 5 billion won sub-fund
KB Financial Group is setting up a mutual growth master fund to support impact companies that pursue both social value and financial performance. KB Financial said it formed the fund on Sept. 30 with the Large & Small Business & Rural Cooperation Foundation and Korea Venture Investment Corp. It said this is the first case of using mutual growth cooperation funds for venture investment after an enforcement decree revision. The fund will also seek to build a 5 billion won sub-fund through private matching.
