The financial authorities said they will mobilize all capabilities with policy finance institutions so that people in the provinces can access funds at lower interest rates and with higher limits. They also plan to supply 164 trillion won in annual policy funds to the provinces in 2028, up 34 trillion won from last year.
On the 11th, the Financial Services Commission held a "policy finance on-site partnership" event at the Daejeon Intercity Hotel with six policy finance institutions to share these plans. Korea Development Bank (KDB), Industrial Bank of Korea (IBK), Korea Credit Guarantee Fund (KODIT), Export-Import Bank of Korea (KEXIM), Korea Trade Insurance Corporation (K-SURE), and Korea Technology Finance Corporation (KOTEC) will visit regional industrial sites to communicate with corporations and link customized financial support through a field-centered collaboration platform.
Financial Services Commission Chair Lee Eog-weon said at the event, "In 2028, we will supply 164 trillion won in annual policy funds to the provinces, an increase of 34 trillion won from 130 trillion won last year," and noted, "In addition to KDB, IBK, KODIT, and KOTEC, the Export-Import Bank of Korea and Korea Trade Insurance Corporation will also join the policy to expand policy finance supply to the provinces."
The Financial Services Commission also presented five key tasks to achieve this. ▲ Additional participation by the Export-Import Bank of Korea and Korea Trade Insurance Corporation in the target system to expand policy finance supply to the provinces ▲ Expansion of co-prosperity finance supply ▲ Stronger financial support for the regional energy grand transition and K-GX ▲ Reinforced standing support system for preferential provincial finance ▲ Activation of preferential provincial finance in the private sector. With KEXIM and K-SURE joining the existing four institutions—KDB, IBK, KODIT, and KOTEC—the target share of provincial supply will rise to 45% in 2028.
At the first-session roundtable that day, more than 70 corporations from the Daejeon and Chungcheong regions and the chambers of commerce and industry of Daejeon, Sejong, and Cheongju attended to share the regional economy's status and difficulties, and in the second session, institutions explained their support programs while offering customized financial consultations at counseling booths. Following a memorandum of understanding in March to expand productive finance, the six policy finance institutions plan to sequentially hold policy finance on-site partnership events in major cities by region to expand on-site communication with regional corporations.