Korea Development Bank Hosts 'Regional Revitalization Fund' Investment Briefing with Ministry of Economy and Finance and Financial Services Commission

Industrial Bank of Korea announced that it held an investment briefing session (IR) for the 'Regional Revitalization Investment Fund' on the 22nd at the Korea Exchange Conference Hall in Yeongdeungpo-gu, Seoul, hosted by the Ministry of Economy and Finance and the Financial Services Commission. This briefing session was organized to raise interest among market participants and local governments regarding the fund.

Kim Bok-gyu, Senior Vice President, stated in his opening remarks, "In a situation where there is strong agreement on addressing the crisis of regional extinction caused by the stagnation of South Korea's regional economy, the establishment of this fund to support regional revitalization projects in non-metropolitan areas holds significant policy meaning." He added, "We will continue to actively support the government and faithfully fulfill our role to ensure the successful market settlement of this fund."

Kim So-young, Vice Chairman of the Financial Services Commission, said, "This fund is highly distinctive in that fiscal and financial sectors cooperate to efficiently develop regions, and market participants play a leading role in evaluating business feasibility. Lastly, the financial sector can secure new revenue bases and diversify income." She also expressed, "I hope that both local governments and the industrial sector will join forces to actively discover projects with regional development and future prospects."

Kim Dong-il, Director of the Budget Office at the Ministry of Economy and Finance, referred to the proclamation ceremony of the Local Era presided over by the President, stating, "This fund is the first policy fund solely aimed at regional revitalization," and emphasized, "I hope today's event will be a strong first step toward the fund's success."

In the subsequent investment briefing session, Choi Jin-kwang, head of the Regional Revitalization Investment Fund Task Force (TF) at the Ministry of Economy and Finance, explained the background and policy direction of the fund to overcome the limitations of regional investment so far and to promote sustainable large-scale projects led by regions and the private sector. The Industrial Bank of Korea presented key operational plans and conducted a Q&A (FAQ) session.

The Industrial Bank of Korea stated, "This briefing session was characterized by the separate establishment of a venue for exchanges between local governments and the financial and industrial sectors, which usually have limited contact." They added, "At booths set up outside the venue for each local government, introductions of interest projects and networking with officials took place, with over 200 participants including asset management companies, institutional investors, developers, and construction companies, confirming the strong interest in this fund."

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