Korean Blue Ocean Fund Launched

Korea’s Golden Bridge Finance Group on December 15 officially opened its investment fund in Vietnam namely “Blue Ocean Fund” capitalized at US$19 million and managed by Golden Bridge Asset Management (GBAMC).    

According to Golden Bridge's President Ly Sang Joon, who is a descendant of the Ly Dynasty living in the Republic of Korea, the fund was set up in Vietnam thanks to investment potentials in Vietnam such as the country’s second-highest economic growth in Asia, rich natural resources, young and skillful human resource, and Vietnam’s WTO admission.

 

Blue Ocean Fund, the first fund of Golden Bridge in Vietnam, will focus on investing in shares of companies on bourses and real estate development projects in Vietnam. Senior executives of Golden Bridge said at the fund’s opening ceremony that in 2007, the group will set up another fund with a capital of US$100 million to expand its investment activities.

Affiliates of Golden Bridge Finance Group include GBAMC, Bridge Securities, Ssangyong Capital, Golden Bridge Technologies Investment, Golden Bridge Holdings, and Orom Info.
T.N