Financial Services Commission designates 7specialized securities firms for small and medium-sized enterprises… designation period of 3years; dedicated fund of 500hundred million won established

The Financial Services Commission said on 7 that it had designated 10 financial investment companies specializing in small and medium-sized enterprises and would strengthen the supply of venture capital to small and venture companies. From an investor’s perspective, the designation could lead to changes in channels for supplying funds to small and medium-sized enterprises.7:

The designated 7 firms are BNK Investment & Securities, IBK Investment & Securities, SK Securities, Leading Investment & Securities, Eugene Investment & Securities, Korea Asset Investment Securities, and Hanwha Investment & Securities.

Leading Investment & Securities was newly designated this time, while DB and DS were not selected.

This is the 6th designation, and the designation period runs from this date until 2029 years and 7 months and 9, for a total of 3 years. The number of designated firms has 1 fewer than in the previous term.

The Financial Services Commission decided to extend the loan maturity of the securities finance provider to 3 years to help designated securities firms raise funds, and to increase fund and equity investment support from policy financial institutions. It also decided to establish a mid-sized enterprise-focused fund worth 500 hundred million won.

The selection was made on 7 month 9 day following deliberation by a selection committee composed of external experts, and the announcement was made on 7 month 10 day.

The Financial Services Commission said it would continue related support so that designated securities firms can expand investment and lending to small and medium-sized enterprises and venture companies. Detailed implementation plans and each securities firm's operating methods can be confirmed through the disclosures of the respective firms.