Korea Development Bank Launches 'New Deal Fund Task Force' to Support Fund Design and More

[Asia Economy Reporter Kangwook Cho] Korea Development Bank (KDB) has launched a task force for the New Deal Fund.

According to the financial sector on the 19th, KDB activated the 'Task Force for the Policy-type New Deal Fund' on the 17th to provide practical support related to the Policy-type New Deal Fund project, aiming to successfully establish the fund announced by the government.

This is a follow-up measure to the 'Financial Risk Response Team Meeting' held by the government on the 15th.

The 'Task Force for the Policy-type New Deal Fund' is composed of three teams?General Team, Fund Design Team, and Public Relations Team?centered around the task force leader, with participation from KDB, Korea Growth Investment Corporation, and KDB Infrastructure Asset Management.

To gather diverse opinions from the market related to the supported projects, relevant organizations such as the Korea Financial Investment Association participate as advisory bodies.

The task force is expected to carry out roles including detailed execution plans such as designing the Policy-type New Deal Fund, project operations, and administrative support.

A KDB official stated, "Going forward, KDB will support the Policy-type New Deal Fund project through the task force to ensure it is promoted quickly and effectively."