Fund Basics

What is a business development collective investment vehicle (BDC)?

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A BDC is a listed public fund that invests 60% or more of its total assets in 'primary investment target companies', such as unlisted venture and innovative companies and companies listed on KONEX or KOSDAQ.

Following amendments to the related subordinate regulations, the scheme took effect on March 17, 2026, and BDC securities are listed and traded on the KOSDAQ market. Separate investment rules apply, such as a requirement to invest at least 10% of total assets in safe assets like government and public bonds or cash.

Source: Financial Supervisory Service press release: The corporate growth fund (BDC) scheme, a listed public fund investing in venture and innovative companies, takes effect
Last updated: 14/10/2026

This answer is general financial information as of 14/10/2026, not investment advice. Rules and tax rates change, so please also check the latest guidance from the source institution.