BNK Busan Bank Signs MOU with Korea M&A Exchange

April 18 at Headquarters, Joining Hands to Support Local Business Growth
Plans to Provide Information and Advisory Services on M&A and IPOs

BNK Busan Bank (President Sungbin Bang) signed a strategic memorandum of understanding (MOU) on the afternoon of the 18th at its headquarters with Korea M&A Exchange, a specialized institution for mergers and acquisitions of domestic small and medium-sized enterprises, to establish a mutual cooperation system.

On the 18th, BNK Busan Bank signed a strategic business agreement to establish a mutual cooperation system with Korea M&A Exchange, a specialized institution for mergers and acquisitions of domestic small and medium-sized enterprises. (From the fourth on the right: BNK Busan Bank President Sungbin Bang, Korea M&A Exchange Chairman Changheon Lee) Photo by BNK Busan Bank

The purpose of this agreement is to strengthen support for the growth of local companies by facilitating various collaborations in specialized financial service areas such as mergers and acquisitions (M&A) and initial public offerings (IPO).

Through this agreement, the two organizations plan to pursue initiatives such as providing information and advisory services related to M&A and IPOs, operating educational programs on M&A, and supporting corporate matching by utilizing their professional networks.

Busan Bank expects that, as a result of this agreement, local small and medium-sized enterprises will be able to maintain a stable management foundation through smooth business succession, which in turn will have a positive impact on employment stability and the vitality of the regional economy.

Korea M&A Exchange, a private platform with the largest amount of information in the field of M&A for medium-sized and small enterprises, intermediates transactions between buyers and sellers based on a customized matching system and a corporate information database.

Kim Yongkyu, Head of the Management Strategy Group at Busan Bank, said, "There is a growing trend of local small and medium-sized enterprises strategically utilizing M&A for growth," adding, "Through this agreement, we will provide M&A financial solutions tailored to local companies by leveraging the networks and expertise possessed by both organizations."