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[THE INVESTOR] K-Growth Investment, an independent fund of funds management company, announced on Aug. 12 that it has selected IMM Investment and Industrial Bank of Korea’s LX Investment Consortium to manage its tech credit bureau investment fund.
It is the first specialized fund since the tech credit bureau evaluation system was introduced.
IMM Investment will manage 70 billion won (US$63.54 million), 15 billion won of which will be financed by Growth Ladder Fund, managed by K-Growth.
Industrial Bank of Korea will manage another 70 billion won, 10 billion won of which will come from Growth Ladder Fund. Woori Bank and IBK will also contribute to this fund.
By Hwang You-mee (glamazon@heraldcorp.com)
It is the first specialized fund since the tech credit bureau evaluation system was introduced.
IMM Investment will manage 70 billion won (US$63.54 million), 15 billion won of which will be financed by Growth Ladder Fund, managed by K-Growth.
Industrial Bank of Korea will manage another 70 billion won, 10 billion won of which will come from Growth Ladder Fund. Woori Bank and IBK will also contribute to this fund.
By Hwang You-mee (glamazon@heraldcorp.com)
