KB Financial Group of South Korea Establishes a 100 Billion KRW Digital Asset Strategic Investment Fund

Odaily Planet Daily News KB Financial Group, a financial giant in South Korea, has announced the establishment of a digital asset strategic investment fund worth 100 billion KRW (approximately 71 million USD), aiming to seek investments in the digital asset and artificial intelligence fields. It also plans to integrate the invested 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 AI infrastructure sector such as data reasoning and analysis. (DigitalToday)