KSD channels $1.17 mil. funding this year into regional talent, startups in Busan
The Korea Securities Depository (KSD) has directed funding toward social welfare and innovative businesses, contributing an average of around 1.78 billion won ($1.34 million) annually from 2023 to 2025 and 1.55 billion won for this year, the state-run agency said Friday. Headquartered in Busan, KSD focuses much of its social contribution work on developing local talent, helping young people…
The Korea Securities Depository (KSD) has allocated $1.17 million in funding for the year to support regional talent and startups in Busan, according to a state-owned agency. This annual commitment, which has consistently averaged around 1.78 billion won ($1.34 million) from 2023 to 2025, saw a slight reduction this fiscal year to 1.55 billion won.
Based in Busan, KSD places significant emphasis on nurturing local talent, empowering young individuals to achieve financial independence, and bolstering the regional economy. Its initiatives span a wide range, from scholarships and vocational training to financing for social enterprises, startups, and small to midsize businesses.
One notable program is Open Campus, which serves as an introduction for university students to KSD's operations and career prospects within the securities industry. Here, participants gain insight into KSD's fundamental functions, such as securities settlement, receive information on employment opportunities, and engage directly with current employees. Established in 2019 with 35 students from five universities, the program has expanded to accommodate 60 students from 12 universities this year.
Since 2025, Open Campus has been integrated into a broader initiative aimed at enhancing Busan's expertise in the financial sector.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
