BNK Financial Group to Supply 3.7 Trillion Won for Regional Economic Vitalization Including Productive Finance

Relocating BNK Venture Investment and BNK Asset Management Headquarters to Busan
to Boost Regional Investment

BNK Financial Group announced that it held a "Regional Economy Hope Project Forum" on September 8 at the main office's large conference room, with the group chairman and all subsidiary representatives in attendance. During the forum, they discussed tasks for the recovery and sustainable growth of the regional economy and established strategic directions.

This forum was organized to identify collaborative projects where regional finance can create synergies in major regional events, such as the government's balanced regional economic development policy, the relocation of the Ministry of Oceans and Fisheries to Busan, and the establishment of the Southeast Investment Corporation. Through these efforts, the participants focused on the three main strategies of "productive finance," "inclusive finance," and "responsible finance" to find solutions for the long-term stagnation of the Busan-Ulsan-Gyeongnam (BUK) regional economy.

BNK Financial Group will prioritize the expansion of productive finance as its top task to secure growth engines for the region. To overcome the prolonged period of low growth, the group will categorize leading companies, high-potential businesses, and local small and medium-sized enterprises, providing tailored growth capital to strengthen potential growth drivers. In the maritime and shipbuilding sectors, BNK plans to lead the development of regional specialized industries through comprehensive support, including financing for Arctic shipping route development, establishing venture funds for new marine business sectors, and providing financial support to small and medium-sized shipping companies.

BNK Financial Group held a "Regional Economy Hope Project Forum" on the 8th in the main conference room at its headquarters, with the group chairman and all subsidiary representatives in attendance. They discussed tasks for the recovery and sustainable growth of the regional economy and established strategic directions. BNK Financial Group

To foster future regional industries and discover unicorn companies, BNK will also expand investments in innovative venture companies and startups. The group has decided to relocate the headquarters of its subsidiaries, BNK Venture Investment and BNK Asset Management, from Seoul to Busan. With group-level support, BNK Venture Investment will create a strategic fund exceeding 200 billion won to increase venture capital and supply productive finance. BNK Asset Management will also establish a New Marine Powerhouse Fund to support the growth of regional specialized industries.

BNK will continue to implement inclusive finance to help normalize small business owners and financially vulnerable groups. On the same day, BNK Busan Bank held an opening ceremony for the "Regional Economy Hope Center" on the first floor of its main office, announcing the launch of comprehensive management improvement consulting for small business owners, including financial support such as debt restructuring and maturity extensions, as well as customized educational programs. For financially vulnerable groups, BNK will provide opportunities for real recovery by offering debt reduction and restructuring, enabling their return to the formal financial sector.

In the area of responsible finance, BNK will provide solutions to address safety issues occurring at local industrial sites. Specific initiatives include issuing safety and health assessment reports and providing industrial accident prevention consulting, as well as offering facility improvement financing to address identified issues.

Based on the three strategies established through this forum, BNK will prioritize the supply of a total of 3.7 trillion won in finance: 2.6 trillion won for productive finance, 900 billion won for inclusive finance, and 200 billion won for responsible finance. The group aims to use this financial support as a catalyst for reviving the stagnant regional economy and to create a turning point for growth.

A BNK Financial Group representative stated, "Now is a more important time than ever for regional finance, as the regional economy is moving beyond long-term low growth and reaching a turning point for growth." The representative added, "BNK will become a source of hope for the recovery and growth of the regional economy through productive finance that supports regional growth engines, inclusive finance that considers the socially vulnerable, and responsible finance that creates a safe industrial ecosystem."

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