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 Investment Securities said on July 14 it will establish the Shinhan-Sierra Mobility cooperation finance institutional private equity fund (PDF) with Sierra Investment and Hyundai Commercial.
Shinhan Investment Securities and Sierra Investment will jointly manage the fund and raise capital. Hyundai Commercial will participate as an investor based on its network and expertise related to the mobility industry.
The main investment targets are mobility suppliers that have business competitiveness and growth potential but need funding support due to temporary liquidity shortages.
The fund plans to supply capital in a timely manner to companies with strong growth potential, lowering short-term liquidity burdens and supporting stable business operations.
A Shinhan Investment Securities official said, "Starting with this fund, we plan to expand the supply chain finance model to core national industries such as semiconductors, secondary batteries, steel and defense."
Sangyeop Oh
yub@d-today.co.kr