KDB funding to rise 20% if KoFC deal happens

State-run Korea Development Bank’s financing could increase as much as $2 billion in 2014 as the government seeks to reunite Korea Finance Corp with the policy bank by July.

The re-merger between KDB and KoFC could increase the former institution’s annual average funding of $6 billion to $7 billion by 20%, according to a senior KDB funding official.

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