Jeonbuk Bank Supports Local Startup Companies... Joins Venture Fund

Participating as a Senior Company in the 'Jeonbuk-KDB Innovation Fund'

10 Billion Won Investment "Committed to Supporting the Growth of Local Venture Companies"

JB Financial Group Jeonbuk Bank (President Baek Jong-il) has joined a venture fund to foster startup companies in the Jeonbuk region.

Jeonbuk Bank announced on the 22nd that it participated as a senior company in the formation ceremony of the 'Jeonbuk Province-KDB Industrial Bank Regional Innovation Growth Fund' held at the KDB Industrial Bank headquarters on the 20th. Jeonbuk Bank invested 1 billion KRW in the fund to support the growth of startups and venture companies in the province.

The scene of the 'Jeonbuk Province-KDB Industrial Bank Regional Innovation Growth Fund' formation ceremony held at the KDB Industrial Bank headquarters on the 20th. Jeonbuk Bank invests 1 billion won in the fund to support the growth of startups and venture companies in the province.
[Photo by Jeonbuk Bank]

Jeonbuk Bank expects that this formation ceremony, which will serve as a new connection opportunity with local venture companies, will play a pioneering role in revitalizing the regional economy by creating a dynamic investment environment in the Jeonbuk area.

President Baek Jong-il stated, "I hope that the venture investment ecosystem will be activated in Saemangeum, which is establishing itself as a supply base for secondary battery materials, and that it will invigorate the regional economy." He added, "Jeonbuk Bank will continue to make every effort to provide financial support so that startup companies in the Jeonbuk region can grow, together with related organizations."

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