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Korea Finance plans USD81b investment in country over 5 years

State-run Korea Finance Corp. will invest KRW100 trillion (USD81.34 billion) in strategic industries by 14 June 2015, in order to ensure South Korea’s continued future economic growth.

Korea Finance said it will first focus on green businesses, particularly the renewable-energy sector, but will also invest in other long-term, strategic investments as well as small and medium-sized companies. It expects its asset size to increase to KRW150 trillion by 2015 from KRW40 trillion at the end of 2009.

"We can achieve an economy of scale as a financial institution around this [asset] level," the firm said, estimating its investments will likely create around 250,000 new jobs by 2015.