Korea Joongang Daily

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Banks support chips

Financial Services Commission Chairman Eun Sung-soo, far right, tours the SK hynix plant in Icheon, Gyeonggi, on Tuesday, along with the heads of state-run banks.

2021-01-19

KDB head refuses to prop up SsangYong Motor unless it finds a buyer

Korea Development Bank (KDB) Chairman Lee Dong-gull said the bank will not spend a penny on troubled automaker SsangYong Motor unless it is able to find a new owner and come up with a viable plan to normalize business operations.

2021-01-12

KDB issues $1.5 billion in bonds to foreign investors

The state-run Korea Development Bank (KDB) said Tuesday it has issued $1.5 billion worth of bonds to foreign investors.

2021-01-12

Kakao sells 8.8 percent of cloud subsidiary to KDB

Kakao sold 8.8 percent of its Kakao Enterprise cloud services subsidiary to state-owned Korea Development Bank (KDB).

2021-01-06

KDB says Hanjin KAL funding on the up and up

With major shareholders and politicians objecting to the takeover of Asiana Airlines by Korean Air Lines, the head of Korean Development Bank (KDB) defended the government-owned institution’s financing of the deal.

2020-11-19

KDB indicates forbearance on SsangYong Motor loans

The main creditor bank of SsangYong Motor on Monday rolled over the carmaker's 90 billion won ($7.5 million) worth of debt maturing this month to help it stay afloat amid the new coronavirus outbreak.

2020-07-06

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