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The state-run Korea Development Bank said it has unveiled a road map to foster competitive small and mid-sized enterprises under its policy to support the Park Geun-hye administration’s vision of “creative economy.”
As the first step, the flagship unit of the KDB Financial Group held a conference on “creative finance,” specializing in one-stop services, in collaboration with the Korea Federation of Small and Medium Business in Seoul on Wednesday.
While some 480 SMEs and venture start-ups participated in the event, KDB said it is considering issuing policy loans to 445 firms.
The bank has already decided to provide funding worth 25 billion won ($21.7 million) to 10 firms with high growth potential.
Under the initiative of KDB Financial chairman Hong Ky-ttack, the bank is also poised to hold face-to-face talks with SME owners in provincial areas.
Aside from chief executives in satellite cities, the bank plans to contact those in provinces such as Gyeongsang, Chungcheong and Jeolla by the end of the year.
By Kim Yon-se (kys@heraldcorp.com)
As the first step, the flagship unit of the KDB Financial Group held a conference on “creative finance,” specializing in one-stop services, in collaboration with the Korea Federation of Small and Medium Business in Seoul on Wednesday.
While some 480 SMEs and venture start-ups participated in the event, KDB said it is considering issuing policy loans to 445 firms.
The bank has already decided to provide funding worth 25 billion won ($21.7 million) to 10 firms with high growth potential.
Under the initiative of KDB Financial chairman Hong Ky-ttack, the bank is also poised to hold face-to-face talks with SME owners in provincial areas.
Aside from chief executives in satellite cities, the bank plans to contact those in provinces such as Gyeongsang, Chungcheong and Jeolla by the end of the year.
By Kim Yon-se (kys@heraldcorp.com)
