KB Financial Group of South Korea Establishes 100 Billion Won Digital Assets Strategic Investment Fund

Odaily Odaily reports that South Korean financial giant KB Financial Group has announced the establishment of a strategic investment fund for digital assets, sized at 100 billion won (approximately $71 million). The fund aims to seek investments in the digital asset and artificial intelligence sectors, and to promote the integration of investment projects with the group's business to accelerate digital financial transformation. The fund is managed by KB Investment, with key investment directions including: technology companies related to the digital asset market, foundational models and application services supporting AI transformation, as well as startups in the field of artificial intelligence infrastructure such as data inference and analysis. (DigitalToday)