Kang Junhyun: "Establishment of KDB Sejong Branch Is the Government's Response"

The Korea Development Bank (KDB), a state-run bank established to support corporate finance, is reportedly planning to open a new branch in Sejong. This move is expected to boost financial support for businesses operating in the region.

According to the office of National Assembly member Kang Junhyun and industry sources on July 18, KDB has begun full-scale preparations for establishing a Sejong branch. As Korea’s leading policy bank, the opening of a Sejong branch is seen as significant not only for establishing a regional policy finance infrastructure, but also in terms of completing the administrative capital and promoting balanced national development.

Representative Kang has been pushing for the establishment of a KDB branch to expand policy finance infrastructure and revitalize the Sejong regional economy. Despite the concentration of central government agencies in Sejong, a multifunctional administrative city, the lack of accessibility to policy finance institutions has posed challenges for local business growth and the implementation of policy projects.

It is widely assessed that this achievement is the result of legislative activities focused on addressing the significant lack of access to policy finance. KDB plans to complete the establishment of the Sejong branch by the end of this year and officially commence operations.

Democratic Party Kang Junhyun, Member of the National Assembly for Sejong Eul

Representative Kang stated, "Although there is clearly a demand for funds to attract national projects and innovative industries, the corresponding policy finance infrastructure has not kept pace." He added, "The opening of the KDB Sejong branch is the government’s response to the region’s potential for economic growth." He further emphasized, "This is not simply the opening of a branch, but will serve as a core infrastructure for balanced national development and revitalization of the regional economy."