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Korea Development Bank (KDB) Chairman and CEO Kang Seog-hoon reaffirmed, Wednesday, a disputed plan to move KDB headquarters from Seoul to Busan, stressing it is critical for the development of the southeastern region that used to be the nation s hub for smokestack industries but is losing competiveness in the era of digitalization. Speaking at a press conference to mark the first 100 days of his term, Kang also said the state-run KDB will finance 30 trillion won in the next five years for the chip industry as part of a broader picture to support the Korean economy amid a wave of global challenges.

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