BNK Financial, Invests 25 Billion KRW for Innovation Companies in Busan, Ulsan, and Gyeongnam

Establishment of the Future Innovation Growth Fund

BNK Financial Group announced on the 13th that it has established the 'BNK Future Innovation Growth Fund' through its affiliate BNK Venture Investment to revitalize the venture and startup ecosystem in the Busan, Ulsan, and Gyeongnam regions.

The main investors in the fund include BNK Financial Group's subsidiaries Busan Bank, Gyeongnam Bank, BNK Capital, and BNK Venture Investment. Busan Bank invested 10 billion KRW, while the other three companies each invested 5 billion KRW, totaling 25 billion KRW. The fund also plans to provide investment opportunities to local mid-sized companies. Through this fund investment, BNK Financial expects that companies located in the Busan-Ulsan-Gyeongnam area will simultaneously promote local capital circulation and strengthen corporate competitiveness.

Jung Sung-jae, CEO of BNK Venture Investment, stated, “We expect that various innovative companies in the region will achieve a win-win effect through the Future Innovation Growth Fund, and we will play a pioneering role in discovering and nurturing innovative business models in the Busan-Ulsan-Gyeongnam area.” He added, “We hope this will serve as an opportunity to promote the globalization of local companies and their transition to high value-added businesses.”

Jung Sung-jae, CEO of BNK Venture Investment (second from the left in the photo), and Kim Ji-soo, CEO of Maepsi (third from the left in the photo), are taking a commemorative photo. Provided by BNK Financial Group