Korea Development Bank Launches Full-Scale Policy Finance Support System for 'Nuclear Power Industry'

2 Trillion Won 'Super-Gap Industrial Support Loan Program'... Actively Supporting K-Nuclear Power Export

On the 10th, the creditor meeting of Taeyoung Construction is held at the headquarters of the Korea Development Bank in Yeouido, Seoul. Photo by Younghan Heo younghan@

The Korea Development Bank (KDB) is launching full-scale financial support to restore the domestic nuclear power industry ecosystem and strengthen export competitiveness.

On the 29th, KDB announced that it signed a "Business Agreement for the Restoration and Competitiveness Enhancement of the Nuclear Power Industry Ecosystem" with Changwon Special City to resolve difficulties faced by the domestic nuclear power industry ecosystem and secure competitiveness in next-generation nuclear power technologies such as SMR (Small Modular Reactor). KDB has dispatched a nuclear finance policy officer to provide customized financial consulting and is conducting on-site support closely linked to the regional economy.

Additionally, as a follow-up to the "Nuclear Finance Team Korea Business Agreement" signed at its headquarters, KDB is playing a bridging role between ECA (KEXIM and K-SURE) and private financial institutions by discovering overseas nuclear power export projects, sharing information, and reviewing financial support, thereby striving to revitalize nuclear finance. Furthermore, KDB has launched a super-gap industry support loan program with an annual scale of 2 trillion KRW, offering up to a 1 percentage point interest rate discount for companies engaged in the overall nuclear power industry, including nuclear power plants, nuclear power materials, parts, and equipment, for purposes such as facility investment, research and development (R&D) investment, and operating funds.

KDB stated, "Starting with the Czech nuclear power order, nuclear power exports are expected to accelerate to new countries such as Saudi Arabia and Poland." It added, "Through collaboration with business agreement institutions and the super-gap industry support loan program, we plan to expedite financial support required for the successful completion of the Czech nuclear power project order and subsequent project progress."

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