Shinhan Investment Corp. and others500billion mobility co-prosperity fund creation
Shinhan Investment Corp., Sierra Investment, and Hyundai Commercial have announced the creation of a mobility co-prosperity financing fund worth billion won to provide private loans to automotive parts suppliers. CU Medical also stated that it is considering a mobility linkage plan for its AED remote management system on the same day.14 500
Shinhan Investment Corp., Sierra Investment, and Hyundai Commercial announced the creation of a mobility co-prosperity financing fund worth billion won on month day. The fund aims to provide financing in the form of direct loans to companies within the mobility industry value chain, such as automotive parts suppliers.7 14 500
The fund is named 'Shinhan-Sierra Mobility Co-Prosperity Financing Institution Exclusive Private Investment Partnership (PDF)'. The PDF is a form of a private fund where the operator secures funds from institutional investors and lends them to companies.
Shinhan Investment Corp. and Sierra Investment will handle the co-management and fundraising for the fund. Hyundai Commercial will participate as an investor.
The fund plans to support operating funds, facility investments, research and development (R&D), and industrial transition funds for partners in the mobility industry. The main investment targets have been determined to be partners with competitive business capabilities and growth potential.
Meanwhile, CU Medical announced plans to consider linking the AED (Automated External Defibrillator) remote management system with vehicles and other mobility platforms on the date of the announcement. The company explained that the connectivity of the remote management system with mobility is currently under internal review. The announcement was made on a specific date. 7Additional details regarding the review process were not disclosed. 14}},