BNK Busan Bank and Korea Ocean Business Corporation Join Forces to Strengthen Global Logistics Competitiveness

December 12 Westin Chosun Hotel, Business Agreement and Investment Contract Signed

Samsung SRA Asset Management and Capstone Asset Management Joint Participation

BNK Busan Bank (President Bang Seong-bin) signed a business agreement and investment contract with the Korea Ocean Business Corporation on the afternoon of the 12th at the Westin Chosun Hotel in Busan to establish a global logistics and supply chain fund.

On the 12th, BNK Busan Bank signed a business agreement and investment contract with the Korea Ocean Business Corporation to establish a global logistics and supply chain fund at the Westin Chosun Hotel in Busan. (From the 5th person on the left: Bang Seong-bin, President of BNK Busan Bank, and Ahn Byung-gil, President of Korea Ocean Business Corporation) Photo by BNK Busan Bank

The fund, totaling 213 billion KRW raised through this agreement ceremony, is planned to be used to strengthen the global logistics competitiveness of domestic companies, particularly investing in logistics real estate and development located in overseas logistics hub areas.

Busan Bank decided to participate as an investor along with the Korea Ocean Business Corporation, while Samsung SRA Asset Management and Capstone Asset Management took charge of investment execution and fund management.

Bang Seong-bin, President of BNK Busan Bank, said, “We hope that the fund established through this agreement will serve as a catalyst to enhance the global logistics competitiveness of our companies,” adding, “We also hope to continue collaborating with excellent asset management firms in various fields to strengthen the industrial competitiveness of the region and the nation.”