Kang Seok-hoon "Key to Economic Rebound, Strengthening Financial Support for Mid-sized Companies"

On the 13th, Junggyeonryeon Hosts the '182nd Mid-sized Enterprise CEO Luncheon Lecture'

Participating in the ceremony for the permanent enactment of the 'Special Act on Medium-sized Enterprises' (from left) are Kang Seok-hoon, Chairman of KDB Industrial Bank; Cho Moon-soo, Chairman of Korea Carbon; Kim Hae-ryeon, Chairman of Taekyung Group; Choi Jin-sik, Chairman of the Korea Federation of Medium-sized Enterprises; Cho Si-young, Chairman of Daechang; Kim Hee-yong, Chairman of TYM; and Hwang Soo-sung, Director of the Industrial Infrastructure Office at the Ministry of Trade, Industry and Energy, posing for a commemorative photo.

Kang Seok-hoon, Chairman of KDB Industrial Bank, announced that he will actively provide financial support to revitalize the economy and foster mid-sized enterprises. Chairman Kang made these remarks on the 13th at the Conrad Seoul Hotel during the '182nd Mid-sized Enterprise CEO Luncheon Lecture' hosted by the Korea Federation of Mid-sized Enterprises (KFME).

Chairman Kang stated, "KDB Industrial Bank currently supports 23.3% of its operating assets and 31.4% of its funding supply to mid-sized enterprises," adding, "As our economy is rapidly entering a zero-growth zone with an expected economic growth rate of around 0.5% by 2050, the pivotal role of mid-sized enterprises, which form the backbone of industry, is essential for economic revitalization."

Chairman Kang also added, "To support the sustainable growth of mid-sized enterprises, we will establish industrial development, regional growth, and market stabilization as core projects and faithfully perform the fundamental role of policy finance."

Choi Jin-sik, Chairman of KFME, also emphasized, "Although finance is an essential condition for corporate innovation and growth, mid-sized enterprises have long been in a blind spot of financial policy," and stressed, "It is necessary to build an integrated control tower that encompasses industrial policy and financial support to effectively implement tailored financial policies suited to the characteristics of each enterprise, as well as to designate KDB Industrial Bank as a dedicated bank for mid-sized enterprises to actively promote the effects of 'selection and concentration.'"

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