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According to Digital Asset, South Korean KB Financial Group announced the establishment of the “KB AX Digital Asset Fund” with a scale of 100 billion won (about $72 million), focusing on investing in core digital asset companies in South Korea, as well as technology companies such as AI models, application services, and data inference and analytics. The fund is jointly funded by KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Life, with KB Investment managing it. KB Financial said that investments will prioritize companies that can be synergized with the group’s business operations, to promote the development of the digital asset ecosystem and AI transformation.