KDB-Eximbank merger needed for better policy financing: KDB chief

Korea Herald | Sep 10, 2019 at 6:54 AM
  • Lee Dong-gull, chairman of the state-run Korea Development Bank, suggested Tuesday that the government should consider merging the country’s two policy finance institutions — KDB and the Export-Import Bank of Korea — for state budget efficiency and innovative growth.
  • The merger scenario came as part of the KDB chairman’s efforts to secure sufficient funds for innovative growth and other government-driven goals.
  • When it came to the ongoing union strike at carmaker GM Korea, however, Lee spoke strongly, calling for shared efforts for restructuring.