FSC Vice Chairman Sohn Byungdoo held talks on promoting more market-based approaches to corporate restructuring with relevant institutions and market experts on May 28. At the meeting, Vice Chairman Sohn discussed plans to (a) increase the size of the corporate restructuring fund from KRW1.6 trillion to KRW2.6 trillion, (b) expand project fund from 26 percent to 40 percent, and (c) establish a KRW300 billion private debt fund to facilitate more market-based approaches to corporate restructuring.
* Please see press release for details.