South Korea Launches Second National Growth Fund with 600 Billion Won Allocation on July 6

According to South Korea's Financial Services Commission, the government initiated the selection process for sub-fund managers for the second phase of the National Growth Fund on July 6. The fund is sized at 600 billion won (approximately $450 million USD) and is scheduled for launch in the third quarter of 2026. Individual sub-funds must allocate at least 60% of assets to advanced strategic industries including semiconductors, secondary batteries, artificial intelligence, and defense, with at least 30% directed to unlisted companies and KOSDAQ technology-waived IPO companies through capital increases and mezzanine financing.
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