Search results for Public Growth Fund
Finance
Shinhan Investment & Securities completes public growth fund subscription, raises allocation for low-income investors to 35 percent
Shinhan Investment & Securities completed subscriptions for the Public Growth Fund, a government policy financial product, it said on Thursday. It set the allocation for low-income investors at 35 percent of the 20 billion won total, above the government guideline of 20 percent. Of the allocation, 5 billion won came from offline subscriptions and 2 billion won from online subscriptions. The fund invests in domestic growth companies using public and policy funds.
Finance
Public growth fund sales to start on May 22, backing unlisted firms and tech-special Kosdaq listings
South Korea will sell a public-participation growth fund to retail investors from May 22 to June 11, raising 600 billion won and adding 120 billion won in fiscal funding to total 720 billion won. The fund will allocate at least 60 percent to companies in 12 advanced strategic industries. At least 30 percent will go as new funding to unlisted companies and Kosdaq firms listed under a technology-special listing track, with limits on KOSPI exposure.
Telecommunications & Media
National AI computing centre to get Public Growth Fund investment to boost AI infrastructure
South Korea will invest money from the Public Growth Fund in a project to build a national AI computing centre, supporting an AI infrastructure with 15,000 AI chips. A direct investment of 100 billion won in Upstage was also approved to secure sovereign AI. The Financial Services Commission said the fund approved four megaprojects and one regional SME support plan, bringing cumulative approvals to about 84 trillion won.
