New KDB Chairman Park Sang-jin began his official duties with an inauguration ceremony held at the bank’s Yeouido headquarters on Sept. 15.
In his inaugural address, KDB Chairman Park Sang-jin stated that the roles of KDB, a leading policy finance institution, are growing as finance as a policy tool to support the real economy and foster future growth industries is emphasized now more than ever.
Park played up his belief that KDB should focus its capabilities on transforming Korea’s finance to be more productive by supporting cutting-edge strategic industries, fostering SMEs and venture startups and improving the quality of local industries for shared growth, and supporting productivity enhancement and industrial restructuring in traditional industries.
Park also urged employees to approach their work with a sense of ownership, maintain a sense of integrity and communicate with an open mind.
Just as K-pop has elevated the status of Korean music and K-food has elevated the value of Korean cuisine, he will do everything he can do to make KDB a world-class bank that can confidently compete with global players beyond Korea through the combined efforts of KBD employees, he added.
In addition, in a special message to employees sent separately from his inaugural address, Park expressed his commitment to listening to their voices and communicating with an open mind.
“As a person who worked with KDB for 30 years, I feel a heavy sense of responsibility for this important assignment and will do my utmost to contribute to the growth of the Korean economy, together with all KDB members,” Park concluded.
KDB announced that it held FLY ASIA 2025 at BEXCO in Busan on Sept. 22. Baek Joon-young, vice president of KDB poses for a photo with Jung Wook-sang, head of KDB Headquarters.
KDB V: Launch Fly Asia Special Session
KDB announced that it held a special session on KDB V: Launch, a venture platform specialized for the nation’s southeastern region, at the Asia Startup Venture Expo (FLY ASIA 2024) at BEXCO in Busan on Oct. 1.
Co-hosted with the Korea Startup Forum Southeastern Region Council, the 13th session was attended by approximately 100 participants, including Financial Services Commission Chairman Kim Byung-hwan and those from regional startups and investment institutions in the Seoul metropolitan area and other regions and venture ecosystem-related organizations.
Notably, a special part of the session featured open innovation organization representatives from leading Korean and global companies including Hyundai Motor Company, GS Energy, and Amazon Web Services (AWS) under the theme of “Global Companies and Startups.”
Additionally, two promising Busan-based startups, Kick the Hurdle, a personalized digital healthcare startup, and Slash B Slash, a content-based smartphone case developer, held their investor relations shows.
Ten companies representing the Korea Startup Forum Southeastern Region Council presented elevator pitches, attracting significant attention from investment firms in the Seoul metropolitan area and other regions.
Elevator pitching is a form of IR where startups deliver key messages to attract interest from investor within a short period of time, typically a minute or so.
Issuance of Korean Green Bonds
Korea Development Bank announced on Oct. 14 that it has issued 500 billion won in Korean green bonds to support eco-friendly projects.
These bonds were issued at a 2.64% yield with a three-year maturity.
The issuance process complied with the Korean Green Bond Guidelines established by the Financial Services Commission and the Ministry of Climate, Energy and Environment.
The funds raised through the green bond issuance will be used to support green financing for eco-friendly projects such as wind power materials that conform to the Korean Green Classification System.
Once the fund allocation is complete, the details of the allocation and the environmental improvement impact will be disclosed on KDB’s website.
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