FSC Chairman visits Busan and holds meeting on boosting investment support for local businessesFeb 10, 2025

Chairman Kim Byoung Hwan of the Financial Services Commission visited Busan and held a meeting on ways to expand investment support for local businesses on February 10. The meeting was attended by officials from the Busan metropolitan government, financial companies, and a group of local businesses operating in Busan and its surrounding areas. At the meeting, participants discussed establishing a green and digital investment fund intended to provide support for local industries, which will help to make them more eco-friendly and digitally up-to-date in their business operations. Every year for the next nine years (from 2025 to 2033), a green investment fund worth KRW250 billion or more will be set up to facilitate the transition. At the meeting, Chairman Kim spoke about the significance of this investment plan as an important step toward boosting corporate financing support for the region and promoting more equity-based investment support. In this regard, Chairman Kim said that the FSC and policy financial institutions will continue to make active support available for the development of local industries.