Kim Byung-hwan "concerned about industrial competitiveness in Trump's inauguration...Korea Development Bank establishes a separate fund"

2025.01.22. AM 11:24
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Kim Byung-hwan, chairman of the Financial Services Commission, said he has begun discussing with related ministries how to set up a separate fund at the Korea Development Bank to strengthen industrial competitiveness.

Chairman of the states Affairs Commission Kim said at a press conference today (22nd) that there is a great concern about the industrial competitiveness since the inauguration of the Trump administration in the United States, and that if a final bill is prepared after consultation with related ministries, the support will be operated as soon as possible.

The Financial Services Commission and policy financial institutions have provided low-interest loan-oriented financial support to high-tech key industries such as semiconductors, but it has been pointed out that the cost reduction effect is not significant.

In response, the Financial Services Commission plans to announce details on the support industry and procurement methods through a meeting of related ministers to strengthen industrial competitiveness in March.


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