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IBK Industrial Bank of Korea runs 'productive finance' dedicated review team to support innovative SMEs

IBK Industrial Bank of Korea said on Monday it will run a "productive finance" dedicated review team to support innovative growth at small and medium-sized enterprises. The team was created to respond quickly to funding demand from innovative companies in areas such as semiconductors, secondary batteries, biotech and AI. The bank will introduce a system to complete reviews within three business days and reflect consulting results from specialised technology evaluators.