Industrial Bank Expands Southeast Region Organization... Accelerates Move to Busan

Enhancing Policy Finance Capabilities through Organizational Restructuring and Work Adjustment
Establishment of Southeast Region Investment Finance Center

[Asia Economy Reporter Song Hwajeong] KDB Industrial Bank is accelerating its efforts to relocate to Busan by expanding its Southeast region organization, including establishing the Southeast Investment Finance Center.

On the 29th, Industrial Bank held a board meeting and announced a 2023 organizational restructuring aimed at crisis management response, establishing a core industry support system, adjusting the organization for efficient management, and leading regional balanced development.

Through this restructuring, the bank significantly expanded its Southeast region-related organization. The Small and Medium Enterprise Division, which oversees domestic branch operations, was renamed the "Regional Growth Division," and within the division, the Network Support Office and Regional Growth Support Office were integrated into a single "Regional Growth Support Office" to unify similar tasks. This office will relocate to the Busan area to strengthen regional growth support functions. The bank explained, "This is to foster the Southeast region as one of the two pillars of national growth and to support the realization of the national agenda for balanced national development." In particular, the newly established Southeast Investment Finance Center within the division will focus on promoting green finance, venture investment, and regional development in the Southeast region, and plans to develop into a policy finance hub for balanced regional development by transferring accumulated corporate finance (IB) tasks.

Additionally, to strengthen financial support for shipbuilding and shipping companies and support next-generation ship finance operations, the Marine Industry Finance Office under the Marine Industry Finance Headquarters will be expanded and reorganized into "Marine Industry Finance Office 1" and "Marine Industry Finance Office 2," establishing a comprehensive support system for the marine industry value chain.

Furthermore, to proactively respond to recent global financial environments and macroeconomic fluctuations, a "Financial Management Division" was newly established to integrate financial-related tasks, enhance efficiency between financial planning and fund raising, and enable the formulation and execution of consistent financial policies. A "Planning and Management Division" was also newly created by merging the Policy Planning Division and Management Division to strengthen the linkage between management policies and organizational/personnel management, thereby securing overall organizational operational efficiency.

The bank stated, "Through this organizational restructuring, we will enhance crisis response capabilities and strengthen regional growth support organizations for sustainable national development, thereby actively fulfilling our role as a leading policy finance institution."

This content was produced with the assistance of AI translation services.