Finance
Policy lenders to launch 700 billion won fund to support growth of promising firms
IBK Industrial Bank of Korea, Korea Development Bank and the Export-Import Bank of Korea will form a joint fund worth 700 billion won to support the growth of promising small, midsize and venture companies. The three institutions said on Sept. 7 they had announced an investment programme for a policy-lender global scale-up cooperation fund. They plan to contribute 450 billion won in total and add private capital. Proposals are due by Sept. 30, with a final selection expected in November.
