Finance
IBK Industrial Bank of Korea to provide 500 billion won in financing for AI transition firms
IBK Industrial Bank of Korea will provide 500 billion won in financial support to help small and medium-sized and mid-sized companies develop AI technology and adopt AI systems. The bank said it will launch a specialised product, the \'AI Great Transformation Leap Loan\', as part of expanding productive finance that supplies funds to future high value-added industries. Support includes working capital and facility funding and interest-rate reductions.
