South Korea's Financial Services Commission reviewed regional financing and National Growth Fund expansion plans at its second regional policy finance forum in Daegu. Plans envisage KRW40 trillion annually from 2027, totaling at least KRW200 trillion over five years. Four participating institutions had supplied KRW95.8 trillion outside the Seoul metropolitan area through October, accounting for 44.5% of their financing against a 2026 target of 41.7%.
South Korea's Financial Services Commission (FSC) held its second regional policy finance forum in Daegu with six policy financial institutions, reviewing financing for regional businesses and plans to expand the National Growth Fund. Plans call for operating the fund at KRW40 trillion annually from 2027, totaling at least KRW200 trillion over five years, compared with its KRW150 trillion size at launch in December 2025. Through October 2026, the fund had provided KRW22.7 trillion in support across 39 projects, including KRW9 trillion for 27 projects outside the Seoul metropolitan area.
Four participating institutions had supplied KRW95.8 trillion outside the Seoul metropolitan area through October, representing 44.5% of their financing. That share exceeded the 2026 target of 41.7%, under an existing policy to increase the regional allocation from 40% in 2025 to 45% by 2028. Examples of National Growth Fund support included KRW300 billion in loans for vaccine research and production expansion in North Gyeongsang Province and KRW220 billion for a lithium iron phosphate cathode materials plant in Daegu. More than 80 regional companies attended the forum, which included individual financing consultations. Further forums are planned in major regional cities.
South Korea's Financial Services Commission announced about KRW1 trillion in National Growth Fund approvals for four solar, semiconductor and biotech projects. These include a solar plant in Haenam with capacity of 400 megawatts that will supply electricity to semiconductor companies. Cumulative approvals have reached KRW22.3 trillion, including…
2026-10-22 South Korea Financial Services Commission South Korea
South Korea's Financial Services Commission is consulting on extending National Growth Fund eligibility to aerospace and quantum industries, following its July announcement of broader sector coverage. The proposal targets strategically important sectors requiring substantial investment over long periods, including satellites, civil aircraft…
2026-05-21 South Korea Financial Services Commission South Korea
The South Korea Financial Services Commission reviewed first-year progress under the Lee Jae Myung administration’s financial agenda, highlighting a shift from real estate toward capital markets and strategic industries, expanded support for vulnerable borrowers and small businesses, and stronger household debt and market risk management…