Global Trade Alert
Global Trade Alert

Republic of Korea: IBK provides KRW 70 billion to support real estate companies

Announcement

25 Jan 2024

In January 2024, the Industrial Bank of Korea (IBK) and United Asset Management Company (UAMCO) announced creating a KRW 150 billion fund to "normalize real estate PF projects". 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Jan 2024

Revocation date:

No revocation date

Updated: 25 Jan 2024
Financial investment support In force

On 25 January 2024, the Industrial Bank of Korea (IBK) announced the signing of the "Business Agreement for the Formation of PF Normalization Fund" with United Asset Management Company (UAMCO). As ...

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