Chairman Kim Joo-hyun of the Financial Services Commission attended an agreement signing event among Korea Development Bank and five major commercial banks for the creation of a future energy fund on April 17. Korea Development Bank and five major commercial banks will make contributions to create a future energy fund worth a total of KRW9 trillion until 2030 for the purpose of investing in renewable energy facilities. At the event, Chairman Kim spoke about the relatively low level of power generated by renewable energy sources in Korea when compared to an OECD average. In this regard, Chairman Kim said that the future energy fund will serve as a stepping stone and help to pump-prime investments to build more renewable energy facilities. The future energy fund will be set up in the first half of this year and begin to make investments starting from this year.