Korea Development Bank and Ki-Eun explain that there was no external request regarding investment in the movie ‘Assassin(s)’

Ki-eun “Proceeded through investment review by a dedicated department… decision was made in accordance with internal standards”

KDB says, “The manager makes independent investment decisions, we have no involvement.”

(Seoul = Yonhap News) Reporter Jiyeon Kim = Korea Development Bank and IBK Industrial Bank announced on the 3rd that there was no external request when investing in the movie 'Assassin(s)'.

Industrial Bank of Korea explained that it made the investment decision after its own review, and Korea Development Bank said that it only indirectly invested in the fund and was not involved in the investment decisions made independently by the management company.

In a statement, Industrial Bank of Korea explained, "The investment was reviewed by a dedicated department, similar to existing procedures," and "The final decision was made in accordance with internal standards by comprehensively reviewing all factors such as the production company's production capabilities, the competitiveness of the director and cast, and business feasibility."

He added, “The suspicion that the investment was decided through an external request or an unusual route is not true.”

On this day, the Korea Development Bank stated in a statement that 'Korea Development Bank was not involved in the investment in the movie 'Assassin(s)', saying, "The investment entity was not the Korea Development Bank, but the 'OOO Fund', and related investment decisions were made independently by Company S, which operates the fund."

KDB emphasized, "We would like to inform you that investment decision-making and follow-up management for each fund's individual investments are the management's own business and must be performed independently, and that Korea Development Bank cannot be involved in the investment decision-making process."

In particular, it was said, “Korea Development Bank was not involved in the selection of investment targets and investment decision-making for the movie ‘Assassin(s),’ and the statement that the investment was decided upon an external request or intervention is not true.”

Previously, on the 30th of last month, People Power Party lawmaker Joo Jin-woo disclosed related data, saying that it was confirmed that a government-run bank invested more than 30 billion won in the movie 'Assassin(s).'

According to the data, Industrial Bank of Korea invested 2 billion won in the film, and Korea Development Bank invested 400 million won through fund investment. It was calculated that 14.25 billion won from the Industrial Bank of Korea's participating fund and 14 billion won from the Korea Development Bank's participating fund were invested in 'Hive Media Corp', the production company of the film.