Participated in the Regional Specialized Venture Platform 'KDB V:Launch' Event
Expressed Gratitude for KDB's Expansion of Workforce and Organization in the Southern Region
Kim Byung-hwan, Chairman of the Financial Services Commission, expressed his intention to actively participate in the National Assembly discussions regarding the relocation of the Korea Development Bank (KDB) to Busan, which is one of the current administration's national agenda items.
On the 1st, Chairman Kim attended the 'KDB V:Launch,' a regional specialized venture platform event held by KDB in Busan, where he met with local venture entrepreneurs and investors. He stated, "In February, the President announced at a public discussion on livelihood issues that Busan would be developed as a global logistics, finance, and advanced industry hub, and emphasized that KDB should support this." He added, "I will actively participate in the National Assembly discussions to ensure the relocation of KDB to Busan is implemented."
He also expressed gratitude for the recent expansion of personnel and organization in the southern region of KDB. He explained, "Since last year, KDB has been upgrading the venture and startup ecosystem through the 'Southeast Investment Finance Center' and 'NextOne Busan,' and last week, it expanded its organization to the 'Southern Investment Headquarters' to enhance investment operations in Yeongnam and Honam regions and to boost economic vitality through support for new industries."
On the same day, Chairman Kim attended the 'Asia Startup Expo (Fly Asia 2024)' held at BEXCO in Busan to encourage young entrepreneurs. The Asia Startup Expo is an event hosted by Busan City to expand the Korean startup ecosystem into Asia, and this year marks its third edition since its inaugural event in 2022. He also toured the site of the Global Startup Hub being developed on the logistics warehouse site at Busan Port's North Port area. The Global Startup Hub Busan is a startup, culture, and exhibition complex landmark space being developed by Busan City on the North Port site of Busan Port, scheduled to open in the first half of 2026.
Chairman Kim said, "I hope this becomes a startup platform that can be a regional landmark," and added, "We will actively support the capabilities of financial-related institutions and public institutions relocating to the region to achieve the goal of opening in the first half of 2026."
Meanwhile, as part of the event, Chairman Kim participated in the award ceremony of the startup pitching competition at the D-Day event hosted by the Banking Sector Youth Startup Foundation (D-camp). He presented the Financial Services Commission Chairman's Award to outstanding startups. Awarded companies receive benefits including residency at D-camp, direct investment (up to 300 million KRW), investment opportunities through partner organizations, and exemption from document screening for incubation program support.
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