KTB Asset Management has teamed up with domestic and Japanese partners on a new ship finance venture.

An MoU has been signed with state-run Korea Development Bank (KDB) and Uni-Asia to provide cash and management services for KDB's Ocean Value-up Fund scheme.

KTB CEO Tae-Woo Kim, KDB’s head of maritime finance Dong-Hae Lee and Uni Asia’s executive director and COO Fukumori Masaki attended a signing ceremony in Busan on Thursday.