Gov't to Create $1 Bil. Fund to Support Efforts to Win Middle East Plant Projects
Gov't to Create $1 Bil. Fund to Support Efforts to Win Middle East Plant Projects
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2012.12.11 00:27
  • 댓글 0
이 기사를 공유합니다

SEOUL, KOREA – The government has set out to create a private equity fund worth up to 1 trillion won in efforts to support Korean contractors in winning large-scale plant building projects overseas. According to investment banking sources on December 9, the Ministry of Knowledge Economy began taking applications for the management of the Korea-Middle East plant fund through Samjong KPMG.
The fund will be formed to the tune of US$1 billion, including $500 million from domestic institutional investors and another $500 million from the Chinese sovereign fund. The fund has doubled in size since the government announced that it would create a fund. In March this year, the government had said that it would form a $500-million Korea-Middle East plant fund.
 
The money will be invested in areas such as petroleum refining, chemical, power generation, nuclear power generation, plants, and construction. With additional loans based on the fund, the actual investment size may double or triple.
 

enews@hankyung.com

*Article provided by The Korea Economic Daily

http://english.hankyung.com/news/apps/news.viewpopup=0&nid=0&c1=01&newscate=1&nkey=201212100137221


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • * Mobile News: m.koreaittimes.com
  • * Internet news: www.koreaittimes.com
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 070-7008-0005
  • * Email: info@koreaittimes.com
ND소프트