Shinhan Investment Securities, Sierra Investment and Hyundai Commercial will create a 50 billion won fund to ease funding difficulties among domestic mobility industry partner companies and improve supply chain stability. Shinhan said it will set up the Shinhan-Sierra Mobility cooperation finance institutional private equity fund on July 14. Shinhan Investment Securities and Sierra Investment will jointly manage the fund and raise capital, while Hyundai Commercial will participate as an investor.

Shinhan Investment Securities will work with Musicow Invest to pursue issuance of fractional investment products backed by music intellectual property, it said on Tuesday. The two signed a strategic memorandum of understanding to acquire music IP and issue related products. They will jointly 추진 a large-scale acquisition project, with Shinhan forming a first music IP fund of about 40 billion won as the project fund’s general partner.