| Mobile Web

Search results for innovative companies

Finance

KB Financial to expand investment in advanced industries with 150 billion won unicorn fund

KB Financial Group is expanding financial support for advanced strategic industries including semiconductors, physical AI and AI data centres. It plans to shift corporate credit reviews away from past financial results toward assessments of technology and growth potential. The group also plans to form a 150 billion won fund to nurture unicorns, fully funded by KB affiliates and managed by KB Securities, to invest in AI, semiconductors and other sectors.

Finance

KB Kookmin Bank signs deal with KOSDAQ Association to support innovative firms

KB Kookmin Bank will expand financial support and capital-market services for KOSDAQ-listed companies through a partnership with the KOSDAQ Association. The bank said it signed a memorandum of understanding in Seoul on July 15 aimed at revitalising the KOSDAQ market and strengthening listed firms’ global competitiveness. The two sides plan to offer preferential-rate corporate loans, investment finance, equity and debt capital-market solutions, and provide on-site wealth management and ESG management consulting.

Industry

Hanwha Solutions sells U.S. venture investment fund for $84.3 million to boost liquidity

Hanwha Solutions said on Wednesday it sold a venture investment fund that invested in U.S. innovative companies for $84.3 million. The company said it will use the proceeds to supplement funds for debt repayment created by the reduction in its rights issue and to bring forward plans to improve its financial structure. It also said it will quickly push ahead with 300 billion won of investor asset monetisation presented during the rights issue revision process.