KB Asset Management said on March 25 it will form the 200 billion won KB National Growth Corporate Support Fund No. 1 with capital from KB Financial Group.

The KB National Growth Corporate Support Fund is fully financed by KB Financial Group affiliates including KB Kookmin Bank, KB Securities, KB Insurance, KB Life Insurance and KB Capital.

A joint plan announced earlier by relevant government ministries on operating the national growth fund in 2026 says this year’s national growth fund aims to raise about 7 trillion won in indirect investment funding. Of that, it plans to raise 5.5 trillion won from private capital.

KB Financial Group has decided to participate in the national growth fund’s indirect investment segment with about 1 trillion won over the next 5 years. KB Asset Management plans to first form the 200 billion won KB National Growth Corporate Support Fund No. 1 this year.

Jaeyoung Jung (정재영), head of the Private Equity Division at KB Asset Management, said the fund was designed to effectively connect policy finance and private capital so that meaningful funding can be provided to companies with high growth potential. He said it would expand investment execution, focusing on key national strategic industries such as artificial intelligence and semiconductors, and contribute to generating results for the national growth fund.