Sangun Holds Financial Support Plan Briefing for 'Southeast Region Economic Revitalization' in Busan
Customer-Customized 친선 Financial Solution 'KDB SOS Fund' Launch
On the 2nd, the Korea Development Bank held a 'Financial Support Plan Briefing for Revitalizing the Southeast Region Economy' at the Paradise Hotel in Busan, attended by CEOs of 35 major clients in the Southeast region.
At this briefing, the bank explained its credit product operation plans for revitalizing the Southeast regional economy, as well as support programs for ventures, maritime, and logistics in the Southeast region, and listened to the management difficulties of local companies.
The Korea Development Bank's Southeast Regional Headquarters and Maritime Industry Finance Headquarters supplied KRW 5.2334 trillion in funds last year to foster advanced industries and revitalize the regional economy. Through newly established and expanded organizations in the Southeast region, they launched the venture platform 'V:Launch' to support investment attraction and business expansion of innovative local companies, and created the 'Busan Future Growth Venture Fund' (KRW 100 billion for the mother fund, KRW 200 billion for the sub-fund) to activate the Southeast venture ecosystem, carrying out various financial support projects for regional economic development.
Additionally, the Korea Development Bank launched the customer-tailored ship finance solution 'KDB SOS (Smart Ocean Shipping) Fund' worth USD 1.4 billion on the same day to innovate the fleet of national shipping companies. This fund, named 'KDB SOS Fund' to actively respond to industry demands in preparation for the paradigm shift in the shipping industry due to technological advances and environmental regulations, will support the eco-friendly and smart fleet transition of small and medium-sized shipping companies.
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Meanwhile, in February, the bank held a nationwide branch managers' meeting in Busan to discuss branch business promotion strategies for balanced development between the metropolitan area and local regions, strengthening its role in financial support for national balanced development centered on the two major axes of the metropolitan area and the Southeast region.
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At the event, Chairman Kang Seok-hoon emphasized, “For the re-leap of our economy, revitalizing the regional economy is essential, and the Southeast region centered on Busan, Ulsan, and Gyeongnam must become a new axis of economic growth.” He added, “Through the KDB SOS Fund launched today, we will actively support the eco-friendly fleet transition of the shipping industry and provide systematic financial support to revitalize the economy of the Southeast region, the two major pillars of South Korea's economic re-leap.”
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