Korea Development Bank, Organizational Restructuring... Establishes Southern Investment Banking Headquarters in Busan

On the 26th, Korea Development Bank held a board meeting and announced an organizational restructuring to strengthen its southern regional business organization, expand global financial cooperation, and enhance investment stock management in order to establish new growth engines for the Republic of Korea.

First, to revitalize the economy by supporting companies and industries in the southern region, where there are concerns about weakened competitiveness due to aging core industries, a 'Southern Region Investment Finance Headquarters' composed of three centers was newly established in Busan, and related tasks and personnel were expanded.

The newly established headquarters includes the Regional Enterprise Comprehensive Support Center, which oversees the eco-friendly transition and smartization promotion of industries in the southern region and the creation of an innovation ecosystem, and the Southwest Region Investment Finance Center (Gwangju), newly established to activate investment in the Honam region and improve aging infrastructure,

and the Southeast Region Investment Finance Center, established last year and currently conducting investment operations in the southeastern region including Busan, was incorporated into the Southern Region Investment Finance Headquarters to complete an independent comprehensive financial support system specialized for the southern region.

Along with this, KDB expanded the Global Investment Cooperation Group, which discovers and executes cooperative projects with international organizations, overseas sovereign wealth funds, and others to strengthen the overseas expansion and competitiveness of promising domestic industries and companies, into the Global Financial Cooperation Center at the department level.

The Global Financial Cooperation Center plans to actively support domestic companies' overseas expansion and competitiveness enhancement through discovering cooperative projects and attracting investments with overseas investment institutions such as Middle Eastern sovereign wealth funds and international organizations.

Additionally, KDB reorganized the Restructuring Headquarters, which was responsible for post-structural adjustment of insolvent companies, into the Corporate Improvement Headquarters to expand proactive corporate competitiveness enhancement tasks such as business restructuring, and established an Investment Management Office to further enhance expertise in investment management tasks such as managing investee companies and increasing the value of investment stocks.

Korea Development Bank stated, “Through this organizational restructuring, we will support the resurgence of traditional industries in the southern region where industrial capital and infrastructure have been accumulated, and further expand the role and functions of Korea Development Bank as the representative policy financial institution of the Republic of Korea by strengthening global cooperative investments.”

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