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    Korea Development Bank logo

    Korea Development Bank

    Seoul, South KoreaFounded 1954
    www.kdb.co.krLinkedIn
    AIBiotech & Life SciencesHardware & SemiconductorsClimate & EnergyMobility & TransportationDefense & SpaceManufacturing

    Korea Development Bank (KDB) is a South Korean state-owned development bank founded in 1954 to finance and manage major industrial development projects. It provides corporate banking, investment banking, and venture capital/private equity investments, including managing the ₩7.5 trillion ($5.1 billion) National Growth Fund fiscal master fund to support deep tech, AI, semiconductors, and other strategic industries.

    Deal activity increased 400% year-over-year (5 deals in the last 12 months). Average disclosed round size is $757.9M (across 45 rounds with reported amounts).

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    Portfolio

    62

    Fund Size

    $5.1B

    Top Stage

    Series C

    Last 12 Mo

    9

    Team

    SH

    Shin, Hey Sook

    National Growth Fund Division

    YT

    Yun, Tae Jeong

    Innovation & Growth Banking Division

    AS

    Ahn, Seong Jin

    Credit Review Division

    CH

    Choi, Hyuck Soo

    Finance and Administrative Support Division

    JS

    Jeon, Seung Cheol

    Independent Directors

    JS

    Jeong, Seeun

    Independent Directors

    KC

    Kim, Choon Ho

    Corporate Banking Division

    Kim, Jae Shin

    Kim, Jae Shin

    Auditor

    KS

    Kim, Sang Kyun

    Chief Compliance Officer

    KW

    Kim, Woo Chan

    Independent Directors

    KB

    Ko, Byung Kyoo

    Planning & Administration Division

    Lee, Bong Hee

    Lee, Bong Hee

    Vice Chairman & COO

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    68 investments
    CompanyRoundAmountDate
    Elisigen logoElisigenSeries C—Sep 2026
    N.Light logoN.LightUnknown—Aug 2026
    NNdotLightUnknown—Aug 2026
    Aniai logoAniaiSeed$4MJan 2026
    AiderX logoAiderXSeries A—Jan 2026
    Config logoConfigSeed$27MJan 2026
    UNASTELLA logoUNASTELLASeries B$24MJan 2026
    AB180 logoAB180Series C$15MJan 2026
    RRedrobSeries A$10MNov 2025
    Upstage logoUpstageSeries B—Aug 2025
    Amogy logoAmogyGrowth$80MJul 2025
    Han Pass logoHan PassSeries D—Mar 2025
    IM Biologics logoIM BiologicsIpo$28.7MJan 2025
    welt logoweltSeries C—Jun 2024
    Nota logoNotaSeries C$19.9MJun 2024
    Bitsensing logoBitsensingSeries B$25MJun 2024
    Upstage logoUpstageSeries B—Apr 2024
    AAtom AISeries B$124MJan 2024
    업업스테이지Series B$45MJan 2024
    HyperAccel logoHyperAccelSeries A—Jan 2024
    Delivus logoDelivusSeries B—Jan 2024
    Kristin Company logoKristin CompanySeries A—Nov 2023
    Sky Labs logoSky LabsSeries C$15.5MOct 2023
    WAD Corp. logoWAD Corp.Series D$30BJan 2023
    Viva Republica (Toss) logoViva Republica (Toss)Series C—Dec 2022
    Page 1 of 3

    Top Co-Investors

    Korea Investment Partners15 shared
    Atinum Investment11 shared
    IMM Investment9 shared
    Premier Partners9 shared
    Stonebridge Partners7 shared
    AJU IB Investment7 shared
    LB Investment6 shared
    Altos Ventures Management, Inc.6 shared
    KT Investment6 shared
    SBVA5 shared
    BonAngels Venture Partners5 shared
    NAVER D2SF5 shared
    InterVest4 shared
    Smilegate Investment4 shared
    Shinhan Capital4 shared
    Industrial Bank of Korea4 shared
    STIC Investments, Inc.3 shared
    Goodwater Capital3 shared
    BOND3 shared
    Kakao Investment3 shared

    Last updated: 9 September 2026