SK Group raises fund to support struggling firms
Korea’s SK Group has created a KRW100 billion ($85 million) private equity fund intended to promote shared growth with smaller partner companies. Rather than offer loans to suppliers, the fund will invest directly in competitive firms that are struggling financially.
SK said that Korea Finance Corporation, KDB Capital, SK Securities, SK Telecom and SK Global Chemical had agreed to contribute capital to the new vehicle, which was established in April and completed registration...
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