IBK head vows broader SME support to boost Kosdaq

Industrial Bank of Korea (IBK) CEO Chang Min-young pledged broader support for small and venture firms, Tuesday, as part of the bank's efforts to revitalize the secondary bourse Kosdaq market. "IBK will faithfully serve as a bridge so that companies with strong capabilities and growth potential can receive proper market valuations," Chang said during a press conference in Seoul marking his first 100 days in office. "As the government moves to introduce measures such as a two-tier segment system in October to revitalize the Kosdaq market, IBK will also align with that policy direction by expanding support for small and medium-sized enterprises (SMEs) and productive financing,” he added. IBK, a state-run lender focused on SMEs, plays a key role in implementing government-backed financing programs. The press conference was held on the sidelines of the "IBK Kosdaq Boom-Up Day" event, aimed at connecting Kosdaq-listed companies with investors and raising market interest. "Kosdaq is a key market for supporting the growth of small and venture firms and channeling funds to innovative companies,Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times