Korea Development Bank, Growth Finance, and 32 Consignment Management Companies Passing Documents

[Infostock Daily= Reporter Lee Kang-wook] KDB Korea Development Bank and Korea Growth Finance announced on the 8th that 32 out of 49 management companies passed the screening of the "2020 Growth Support Fund" consignment management company.

By league, there are three midsize companies, four scale-up growth (large venture capital), eight scale-up growth (general), 11 scale-up innovations, and six rookie leagues.

The Korea Development Bank, the KDB, and the growth finance joint-venture institutions will select non-face-to-face field inspections and oral examinations by the end of this month, and plan to create and implement a growth support fund worth 2.5 trillion won.

Field inspections and oral examinations are conducted in a non-face-to-face manner, considering the Corona situation.

On-site inspection will create a virtual due diligence space on the web drive to create an environment similar to on-site inspection. Oral examination will allow judges to access the video conference platform from their respective work space to listen to the announcement of the operator and answer questions.

"We know that recent investment institutions are struggling with various measures to minimize face-to-face contact," said the bank. "We hope that the new attempt will be a catalyst for the re-start of the investment business in the private equity fund operator (PE) and venture capital (VC) market."

Reporter Lee Kang-wook gaguzi@naver.com