IGIS Asset Management Co., Ltd. announced on July 2 that it has established a KRW 135 billion debt fund for the Busan New Port grain terminal public-private partnership (PPP) project to strengthen Korea's food security.

The fund will invest in a project to construct and operate a new 50,000-ton class grain terminal in the waters off the South Container Terminal in Seongbuk-dong, Gangseo-gu, Busan. The project follows the BTO (Build-Transfer-Operate) model, where private entities build the facility, transfer ownership to the government, and retain operating rights for a specified period.

Total private investment amounts to approximately KRW 240 billion. IGIS Asset Management's fund accounts for KRW 135 billion of the KRW 200 billion senior loans, with investment stability maximized through a 100% guarantee from the Korea Credit Guarantee Fund.

The new grain terminal, scheduled for completion in 2028, is a cutting-edge facility replacing the aging Busan North Port infrastructure. As the first modern grain terminal to be introduced in 17 years since the Pyeongtaek-Dangjin Port in 2011, it will expand silo capacity by 46% from 130,000 tons to 190,000 tons. With a design depth of 14.5 meters enabling smooth berthing of large vessels, it is expected to serve as a premier destination for domestic grain logistics.

Busan Grain Terminal Co., Ltd. with shareholders including comprehensive logistics company KCTC and construction firm BS Hanyang, will oversee the project. KCTC, which currently operates the Busan North Port grain terminal through its wholly-owned subsidiary Korea Silo Co., is expected to ensure stable operations leveraging its accumulated expertise and existing business network.

IGIS Asset Management played a comprehensive role from designing the financial structure to recruiting investors and concluding loan agreements. The company successfully structured the complex project financing to secure the project's financial stability. Infrastructure investment experts at IGIS Asset Management's Infrastructure Division successfully structured this large-scale infrastructure project with their years of accumulated project financing expertise.

An IGIS Asset Management representative emphasized, "We will provide stable returns to investors through 27 years of long-term operation. This is a meaningful investment that pursues social value beyond simple profit generation—expanding national infrastructure and strengthening food security."

IGIS Asset Management plans to expand its business into various infrastructure investment areas including ports, roads, and railways based on this project. With the PPP market expected to continue growing in line with the government's expanded SOC(Social Overhead Capital) investment policies, the company intends to actively discover new investment opportunities leveraging its accumulated expertise.

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