Most Popular
-
1
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
2
Seoul blanketed by heaviest Nov. snow, with more expected
-
3
Seoul snowfall now third heaviest on record
-
4
Samsung shakes up management, commits to reviving chip business
-
5
Heavy snow of up to 40 cm blankets Seoul for 2nd day
-
6
How $70 funeral wreaths became symbol of protest in S. Korea
-
7
Seoul's first snowfall could hit hard, warns weather agency
-
8
Why cynical, 'memeified' makeovers of kids' characters are so appealing
-
9
BOK makes surprise 2nd rate cut to boost growth
-
10
Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
SK Group, South Korea’s third-largest conglomerate, has set up a global fund to secure capital needed for the group’s overseas investment efforts, its officials said Sunday.
The private equity fund named “SK KDB Global Investment Partnership” was formed in cooperation with the state-run Korea Development Bank and the National Pension Service, according to the officials.
The fund size is about 500 billion won ($459.7 million), and SK Group expects that the amount could reach up to 1 trillion won in the future.
The fund will be mostly used to provide money for the group to make inroads into overseas markets with its flagship businesses involving energy and information and communications. It will also help the group’s efforts to find its new future growth engines. (Yonhap News)
The private equity fund named “SK KDB Global Investment Partnership” was formed in cooperation with the state-run Korea Development Bank and the National Pension Service, according to the officials.
The fund size is about 500 billion won ($459.7 million), and SK Group expects that the amount could reach up to 1 trillion won in the future.
The fund will be mostly used to provide money for the group to make inroads into overseas markets with its flagship businesses involving energy and information and communications. It will also help the group’s efforts to find its new future growth engines. (Yonhap News)
-
Articles by Korea Herald
![[Today’s K-pop] Seventeen tops Oricon chart with 4th Japan single](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/11/28/20241128050068_0.jpg&u=)