IBK’s Chang Min-young takes helm, pledges W300tr for productive finance by 2030

Industrial Bank of Korea President Chang Min-young took office Friday, vowing to deploy 300 trillion won ($207 billion) by 2030 to support the government’s “productive finance” drive aimed at revitalizing growth. “Small and mid-sized enterprises are bearing the brunt of low growth and industrial restructuring,” Chang said at his inauguration ceremony Friday. “IBK must move beyond being a simple capital provider and become a financial partner that leads industrial transformation.” The five-year c

By The Korea Herald