Search results for secondary fund
Finance
Financial sector hit by hacking, security vulnerabilities exposed across the board
South Korea\'s financial sector faced a security emergency after a string of hacks and personal data leaks. Shinhan Bank had customer information for about 25,000 people leaked, while KB Kookmin Bank and Hana Bank confirmed leaks involving 119 and 89 customers. Regulators said related IP addresses linked to the same attacker were found across seven firms, with external-facing services used as attack routes. Authorities are investigating possible automated attacks using AI tools and ordered an industrywide security review.
Finance
KRX, securities finance and others to raise 1 trillion won secondary fund over three years
Korea Exchange, Korea Securities Finance Corp, Korea Securities Depository and Koscom plan to raise a secondary fund worth about 1 trillion won over the next three years to help vitalise the exit market for venture companies. The four institutions will secure funding through internal resolutions and invest a combined 1 trillion won. The plan is aimed at supporting the government\'s productive finance policy and supplying capital to liquidity-strapped ventures.
Finance
Shinhan Asset Management sets up Innovation Investment Finance Division
Shinhan Asset Management said on Wednesday it has established an Innovation Investment Finance Division and expanded its organisation into a two-division structure with its existing Corporate Investment Division. The firm said the reorganisation is designed to connect venture, mezzanine and project investments and maximise expertise across the full investment process, from structuring and execution to post-investment management. It also aims to strengthen execution of what it called productive finance.