KB Financial Group has launched a 100 billion won strategic investment fund focused on digital assets and artificial intelligence, according to Odaily, citing DigitalToday. The fund, worth about $71 million, will be managed by KB Investment and is designed to back opportunities tied to the digital asset market while also supporting the group’s broader digital finance transition.
The investment scope includes technology companies connected to the digital asset market, foundation models and application services that support AI transformation, and startups building AI infrastructure in areas such as data inference and analytics. KB Financial Group said it also wants to connect portfolio companies with its existing business lines, using the fund as a way to speed up internal digital finance initiatives. The move places digital assets and AI under the same strategic investment framework at one of South Korea’s major financial groups.
South Korea’s KB Financial Group has set up a 100 billion won strategic investment fund focused on digital assets, with artificial intelligence also included in its mandate, according to Odaily, citing DigitalToday.
The fund is worth about $71 million and will be managed by KB Investment. KB Financial Group said the vehicle is intended to seek investments in digital assets and AI, while also linking portfolio projects with the group’s own business operations to accelerate its digital finance transition.
Its main targets include technology companies related to the digital asset market, foundation models and application services that support AI transformation, and startups working on AI infrastructure in areas including data inference and analytics.
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