Yoon Jong-won, CEO of IBK, Visits SMEs in Busan and Gyeongnam to Discuss Financial Support

Yoon Jong-won, Bank President: "We Will Overcome the COVID Crisis and Support the Sustainable Growth of SMEs"

[Asia Economy Reporter Park Sun-mi] Yoon Jong-won, President of IBK Industrial Bank of Korea, listened to the difficulties faced by local businesses in the Busan and Gyeongnam regions over two days from the 12th to the 13th and discussed effective financial support measures for regional companies.

According to IBK on the 13th, President Yoon visited Nova International, an eco-friendly material shoe manufacturing company located in Sasang-gu, Busan, the previous day. Nova International, which has been doing business with IBK since its establishment, recently received construction funds from IBK and successfully reshored from Vietnam to Busan. CEO Lee Hyo expressed during the meeting with President Yoon that “various support is needed for foreign-invested companies wishing to return to Korea.”

On the same day, President Yoon also visited Fine Technology, a semiconductor and ceramic processing tape manufacturing company located in Yangsan, Gyeongnam, to hear about the company's difficulties. CEO Seo Young-ok said, “I hope financial support for related industries will be strengthened so that the semiconductor boom can continue,” and introduced the company by saying, “We are striving for employee happiness management by operating an in-house restaurant, gym, exhibition, and performance hall so that employees of small and medium-sized enterprises can enjoy health and cultural life.”

Visiting local industrial sites, President Yoon said, “It was a meaningful occasion to check the local economic situation and meet businesspeople practicing people-centered ESG (environment, social, governance) management,” and added, “IBK will strengthen related support to raise ESG awareness among small and medium-sized enterprises as well as overcome the COVID-19 crisis to help sustainable growth.” He also attended the naming ceremony of HMM (formerly Hyundai Merchant Marine)’s ultra-large container ship ‘HMM Hanbada’ as a guest of honor and delivered a congratulatory speech, saying, “With the deployment of ultra-large container ships such as Hanbada, I hope the logistics difficulties of our export-import companies will be resolved and that we will leap forward as a strong maritime nation.”