KDB chief vows support for petrochemical reform, unveils W250tr growth push

Korea Development Bank Chairman and CEO Park Sang-jin on Wednesday threw the lender’s weight behind the government’s 2.1 trillion won ($1.46 billion) support package for the country’s first petrochemical restructuring, pledging to lead the overhaul of the Daesan complex as lead policy lender. Speaking at his first press conference since taking office in August, Park said KDB would take on over 40 percent of the 1 trillion won in fresh funding earmarked for the restructuring of the Daesan complex

By The Korea Herald