Gibo, Busan Regional Public Institutions and Corporate Growth Response Center Consortium Launched

Collaboration of 5 Institutions in Munhyeon Financial Complex
Regulatory Innovation Expected for Corporate Innovation Growth

(From the left) Lee Cheol-wan, Director of Performance and Finance at Korea Housing & Urban Guarantee Corporation; Kim In-cheol, Deputy General Manager of Business Planning Department at Korea Technology Finance Corporation; Eo Deuk-ho, Head of Corporate Growth Response Center at Korea Southern Power Co., Ltd.; Min Eun-mi, Director of Planning and Coordination Office at Korea Asset Management Corporation; Son Jeong-ju, Head of Compliance Management Department at Korea Housing Finance Corporation, are taking a commemorative photo after the launch ceremony of the consultative body.

[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jung Yoon-mo, hereinafter Kibo) announced on the 7th that it held a launching ceremony for the establishment of the "Busan Munhyeon Financial District Corporate Growth Response Center Council (hereinafter the Council)" together with public institutions located in the Busan Munhyeon Financial District, including the Korea Housing & Urban Guarantee Corporation, Korea South-East Power Co., Korea Asset Management Corporation, and Korea Housing Finance Corporation.

The Council is an innovation network consisting of five public institutions located in the Busan Munhyeon Financial District, aimed at actively implementing innovative policies to improve unreasonable regulations for companies and creating changes that local communities and the public can feel.

Through the Council, Kibo will perform functions such as ▲ discovering tasks for institutional improvements related to corporate regulations and mutual cooperation ▲ enhancing expertise in civil complaint protection work ▲ joint efforts to revitalize companies in the Busan area, and plans to exchange information related to the operation of the Corporate Growth Response Center through regular meetings. In particular, synergy is expected as the five institutions, each with unique functions in various industries, collaborate to improve regulations to boost the vitality of small and medium-sized enterprises.

A Kibo official said, "Kibo will do its best together with all participating institutions to ensure that the Council settles early and operates smoothly," adding, "We will strive to create a business-friendly environment and actively respond to resolve various regulatory difficulties, playing a role as a catalyst for innovative and inclusive growth of companies in the Busan area."

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