BNK Financial, Busan City, and KDB Industrial Bank Establish Busan Future Growth Venture Fund

On the 26th, BNK Financial Group signed a business agreement at Busan City Hall with Busan City, the Korea Development Bank, and Korea Venture Investment to establish the Busan Future Growth Venture Fund, which supports the growth and leap of innovative ventures and small and medium-sized enterprises in the Busan region.

The Busan Future Growth Venture Fund is a 100 billion KRW fund promoted to alleviate the concentration of venture investment in the metropolitan area and to bring about a major transformation in the development of the local startup ecosystem.

The fund will be invested in supporting Busan companies in their early startup, leap, and growth stages (scale-up), overseas market entry, and customized financial support according to each growth stage.

BNK Financial Group plans to lead the qualitative growth of the local venture ecosystem by supporting sustainable growth in Busan and fostering new local industries together with Busan City and the Korea Development Bank.

(From left) Woo Woong-hwan, CEO of Korea Venture Investment Corp., Kang Seok-hoon, Chairman of Korea Development Bank, Park Hyung-joon, Mayor of Busan, and Bin Dae-in, Chairman of BNK Financial Group, are taking a group commemorative photo after signing the agreement.

Bin Dae-in, Chairman of BNK Financial Group, said, “We hope that the growth fund established through this agreement will serve as a catalyst for revitalizing the local economy,” and added, “We look forward to collaborating in various fields with Busan City and the Korea Development Bank for regional growth in the future.”

BNK Financial Group also plans to establish its own fund involving group subsidiaries to support the domestic startup and fintech ecosystem and to discover new growth models for BNK Financial Group together with companies possessing innovative technologies and ideas.

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