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KJ Bank to be 3rd largest shareholder to Gwangju Type Job Project

광주은행 '광주형 일자리사업 260억 출자…3대 주주 등극

KJ Bank to be 3rd largest shareholder to Gwangju Type Job Project

 

KJ Bank is set to take part in the Gwangju Type Job Project aiming to establish a finished car manufacturing line in Gwangju.

 

In the project enforced by Gwangju City Hall in cooperation with Hyundai Motor Co., the local bank will invest a total of 26 billion won and become the third largest shareholder.

 

KJ Bank declared its bid to invest 10 billion won in late April as the first organization to do so among local entities, and revealed plans to raise its investment by 16 billion won on Friday.

 

Gwangju City Hall will inject 48.3 billion won into the project while Hyundai Motor Co. will put in 43.7 billion won.

 

Song Jong Wook, the Banks President said KJ Bank will play a leading role in local job creation and economy revitalization projects as the regions representative bank.

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