Korea Securities Finance Corporation announced on the 3rd that it has opened the Central Center for Korea Securities Finance Corporation in the building of Gyeonggi Credit Guarantee Foundation in Gyeonggi's Gwanggyo. This is part of the plan to increase financial support for high-tech industry corporations in the southern Gyeonggi area, where a semiconductor mega cluster is being established.
Kim Jeong-gak, president of Korea Securities Finance, said that day, "We will further strengthen financial support such as securities-backed loans for the semiconductor and artificial intelligence (AI) industries, which are national priority industries." Korea Securities Finance plans to provide various financial services such as employee stock ownership and securities-backed loans to corporations located in the semiconductor mega cluster through the Central Center.
Korea Securities Finance has been operating six branches, including its main office in Yeongdeungpo, Seoul, as well as the Gangnam Center in Seoul, Daejeon Chungcheong Honam Center, Gwangju branch, Busan Yeongnam Center, and Daegu branch. The Central Center in Gyeonggi is the seventh location. The Southern Center is planning to focus on supporting corporations in the southern Gyeonggi region, which has mainly been handled by the Seoul headquarters and Gangnam Center.
Meanwhile, the government is creating a semiconductor mega cluster in the areas of Suwon, Pangyo, Pyeongtaek, Hwaseong, and Yongin. By 2047, a total of 622 trillion won in private investment is planned to create 13 production facilities and 3 research facilities.
According to current regulations, only Korea Securities Finance can provide trust services for the employee stock ownership system. Korea Securities Finance also offers employee stock ownership support loans to assist workers in purchasing employee stock.