KB Financial, BS Group expand productive finance for AI and renewable infrastructure

  • KB Financial Group and BS Group signed an MOU covering joint infrastructure projects and productive finance.
  • A 5.4 GW renewable energy complex is planned near BS Group's Haenam AI center project.
  • BS Group will develop projects, while KB Financial will provide funding and financial support.

KB Financial Group and BS Group signed a memorandum of understanding on the 9th to expand productive finance and shared growth across strategic infrastructure, including renewable energy and AI data centers. The agreement involves KB Financial Group, KB Kookmin Bank, KB Securities, KB Asset Management and KB Capital, alongside BS Bosung, BS Hanyang and BS Industry. BS Group will identify, develop and operate joint projects, while KB Financial will handle funding and financial support. Cooperation covers renewable and eco-friendly power generation, energy hub terminals and ports, industrial complexes, AI new towns and data centers, housing supply, M&A, IPOs and ESG management. A central project is BS Group's National AI Computing Center at Solaseado in Haenam, South Jeolla Province, near a planned 5.4 GW renewable energy generation complex. The companies plan to identify specific opportunities and progressively determine financial structures and investment scales for each project, extending productive finance beyond conventional SME lending toward national strategic infrastructure.

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