Saneun-Shinbo-Mid-sized Enterprise Association, Business Agreement to Support Mid-sized Enterprise Corporate Bond Issuance
Korea Development Bank announced on the 30th that it has signed a Memorandum of Understanding (MOU) to support the issuance of corporate bonds by mid-sized companies, with the attendance of Kang Seok-hoon, Chairman of Korea Development Bank, Choi Won-mok, Chairman of the Korea Credit Guarantee Fund, and Choi Jin-sik, Chairman of the Korea Federation of Mid-sized Enterprises.
This MOU was established to support the issuance of corporate bonds by mid-sized companies that require funding for sustainable growth, in response to government policies such as the customized corporate finance support plan announced last February.
Through Korea Development Bank’s corporate bond underwriting, acquisition, and investment, Korea Credit Guarantee Fund’s guarantees, and the Korea Federation of Mid-sized Enterprises’ recommendation of promising companies, mid-sized companies will be able to issue corporate bonds via the Qualified Institutional Buyer (QIB) method, and will be gradually supported to directly raise funds in the corporate bond market in the future.
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In his greeting, Chairman Kang emphasized, “For South Korea’s economy to make a new leap forward, the active role of mid-sized companies that enhance economic dynamism through creativity and innovation is crucial,” adding, “I hope this MOU will serve as a foundation supporting the success stories of mid-sized companies.”
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