If Korea Development Bank moves to Busan alone, will the local economy have an effect of 2-3 trillion won? unsubstantiated claim
Busan Metropolitan City emblem. Korea Development Bank CI. Maeil Newspaper DB
KDB Chairman Lee Dong-geol (pictured), who expressed his resignation ahead of the launch of the new government, criticized Korea Development Bank’s move to Busan, saying, “The Gyeongsangbuk-do (Busan/Ulsan/Gyeongnam) should not become a sinkhole for the Korean economy.”
He said, “Buul-gyeong is the region that received the most industrialization favors during the former President Park Chung-hee, and it is an area where key industries are concentrated.
Chairman Lee held a press conference on the 2nd and said, “A wrong decision can cause irreversible harm. It’s worrisome,” he said. He has publicly expressed his opposition to President-elect Yoon Seok-yeol’s promise to ‘relocate the Saneun headquarters to Busan’.
In relation to the relocation of the headquarters, he argued that three principles should be considered: ▶ Sharing the pain and responsible role of the region, ▶ Sustainable regional development, and ▶ Contributing to the national economy.
Chairman Lee said, “It is a balanced regional development if this principle is properly considered, otherwise it will be ‘spending’.” There is no claim,” he dismissed.
Lee Dong-geol, Chairman of Korea Development Bank. yunhap news
Chairman Lee emphasized the importance of industrial restructuring and enhancing future competitiveness at the national level on issues such as Daewoo Shipbuilding & Marine Engineering and Ssangyong Motor, which have not yet completed restructuring, and explained the achievements of the past five years.
Regarding Daewoo Shipbuilding & Marine Engineering, he said, “This is a problem that needs to be solved at the industrial level, not the corporate level, and restructuring at the level of the shipbuilding industry is absolutely necessary.” As it is not a structure that can be done, it needs to be reorganized into a ‘big two’ system.”
Regarding Ssangyong Motor, he pointed out, “It is not something the KDB can make a decision as the rehabilitation court is under its control, but it is inherently very weak in competitiveness.
Regarding the role of the new government, he said, “As a policy financial institution, the KDB should contribute to economic stability as a market safety plate in the event of a macroeconomic shock, and nurture the future food industry such as innovative growth to improve the sustainability of the national economy.” I ask people to think about it rationally while looking at it for a long time.”
