AsiaFinance and Insurance
Uni-Asia signs up to Korean financing vehicle
KTB Asset Management, Korea Development Bank (KDB), and Japan’s Uni-Asia have signed a memorandum of understanding where the three will add $300m into KDB’s Ocean Value-up Fund program.
KDB launched the Ocean Value-up Fund Program in 2015 with an initial $1bn budget. It has so far been involved in 12 projects.
In tapping Uni-Asia to join the fund, KDB has brought in a company with extensive ship finance experience and strong ties in Singapore, Hong Kong and Japan.