The head of the state-owned Korea Development Bank announced plans to allocate 100 trillion won ($72.5 billion) in policy funds to support the advancement of high-tech industries. This initiative is part of a broader effort to encourage the relocation of the bank's headquarters to Busan. Kang Seog-hoon, the chairman of KDB, revealed these intentions during a press conference marking the bank's second anniversary. He emphasized the need for prompt legal revisions to facilitate the implementation of these plans. Kang highlighted the bank's preparation for a "Korea Rebound Program" with a budget of 100 trillion won, aligning with the government's 2023 strategy to foster high-tech sectors such as chips, displays, secondary batteries, and bio-technology. He estimated that KDB would need to contribute approximately 100 trillion won out of the total 550 trillion won investment from private companies in these industries. Additionally, Kang projected that the 100 trillion won policy funding could generate 80 trillion won in annual production, 34 trillion won in added value, and create 140,000 jobs across various sectors. He also called for amendments to the Korea Development Bank Act to raise the legal capital limit, which has remained at 30 trillion won for the past decade. Kang proposed various measures, including withholding dividends and offering non-cash dividends, to further bolster KDB's capital. Furthermore, he reiterated the bank's commitment to relocating its headquarters to Busan, emphasizing the need for legislative support to overcome existing obstacles.