Korea Development Bank held an extraordinary general meeting of shareholders on the 29th and decided to issue 77.64 million new shares, the bank announced on the 30th.
The issuance price of the new shares is 5,000 won each. As a result, the bank will increase its equity by 388.2 billion won. Korea Development Bank, which is owned 100% by the government, will allocate the entire paid-in capital increase to the government.
Based on the capital secured this time, the bank plans to carry out lending projects to support industry, including a special program for semiconductor facility investment and a special package for tariff response.
With this capital increase, the bank's equity will rise to 26.92 trillion won. The bank's capital limit is 30 trillion won, with a utilization rate of 89.75%.