Korea Development Bank Launches 'Special Fund for Core Industry Facility Investment Support' to Back Advanced Industries

Seoul Yeouido Industrial Bank Headquarters. Photo by Younghan Heo younghan@

On the 24th, Korea Development Bank announced the launch of the 'Core Industry Facility Investment Support Special Fund,' which provides funding for facility investment and research and development (R&D) to domestic companies engaged in artificial intelligence (AI), secondary batteries, biohealth, and display industries.

The special fund broadly supports facility investments, including in-house facility investments in AI, secondary batteries, biohealth, and display industries, R&D for next-generation promising core technologies, and securing overseas core technologies through overseas mergers and acquisitions (M&A). For companies with excellent credit ratings, the fund offers the lowest interest rates at the bank's procurement cost level, providing the lowest rates among self-financed products established without fiscal linkage.

In January, Korea Development Bank launched the 'Semiconductor Facility Investment Support Special Program (Fiscal Linkage)' at the level of government bond interest rates to provide proactive support for the semiconductor industry.

A representative from Korea Development Bank stated, "With the launch of this special fund, we expect the competitiveness of domestic core industries to be enhanced and for our economy to rebound amid difficulties." They added, "Once the Advanced Strategic Industry Fund, which supports low-interest loans at the lowest government bond rate, is launched, more support will be possible for related industries alongside Korea Development Bank's own products."

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