Busan, South Korea – The Financial Services Commission (FSC) has announced the launch of a major initiative to bolster investment in the Busan, Ulsan, and Gyeongnam (Bu-Ul-Gyeong) region. The "Busan Industrial Transition Green Fund" will be established with the goal of raising over 2 trillion won by 2033.
The fund will provide crucial financial support to mid-sized and pre-mid-sized companies in the region, with a focus on promoting green and digital transformation. The FSC aims to inject over 250 billion won annually into the fund, drawing contributions from major banks and matching private investment.
"This fund represents a significant step towards supporting the growth of our local businesses," said FSC Chairman Kim Byung-hwan. "We believe that this initiative will not only stimulate economic activity in the Bu-Ul-Gyeong region but also contribute to the development of a sustainable and innovative industrial ecosystem."
The fund will prioritize investments in companies that are actively engaged in green technologies and digital transformation. It is expected to play a critical role in helping businesses adapt to the changing economic landscape and seize new opportunities in emerging sectors.
The launch of the Busan Industrial Transition Green Fund is part of a broader effort by the FSC to strengthen regional economies and promote balanced growth across the country. The commission plans to continue expanding financial support for local businesses and fostering collaboration between the public and private sectors.
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