Korea Development Bank Partners with POSCO and POSTECH to Invest 200 Billion KRW in Eco-Friendly and Future Industries
Regional Economic Leap through Innovative Ventures
At the business agreement ceremony for creating an eco-friendly and future industry ecosystem held on the 4th at Pohang Changeup Ground, (from left) POSCO Jeong Chang-hwa, Head of New Growth Division, POSTECH Kim Moo-hwan, President, and Korea Development Bank Jang Byung-don, Vice President, are taking a commemorative photo.
View original image[Asia Economy Reporter Kim Jin-ho] Korea Development Bank announced on the 4th that it has signed a business agreement with POSCO and POSTECH to create an eco-friendly and future industry ecosystem. The signing ceremony was held at Pohang Change-up Ground, attended by KDB Vice President Jang Byung-don, POSCO Head of New Growth Division Jung Chang-hwa, and POSTECH President Kim Moo-hwan.
The agreement aims to contribute to achieving carbon neutrality by 2050 and discovering national future growth engines by fostering a venture ecosystem in the eco-friendly and future industry sectors, while also helping to revitalize the regional economy.
KDB plans to jointly establish a fund worth 100 billion KRW with POSCO and directly invest 100 billion KRW over the next five years in startups based on POSTECH technology. Along with investment and financial support, each institution will broadly support startups in attracting investment, expanding overseas, and linking with large corporations.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
A KDB official stated, "If KDB's financial support is combined with the excellent industry-academia-research infrastructure of POSCO and POSTECH, great synergy will be created in discovering promising startups in the eco-friendly and future industry sectors and in building the industrial ecosystem. Through this agreement, we will promote the revitalization of the Gyeongbuk and Pohang regional economies and contribute to balanced national development."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
