In a pressing financial market , negative currents toward the privatization of Korea Development Bank ( KDB ) are building up . The question being raised within and around the financial circle is whether the KDB privatization plan , which had been devised before the onset of financial turmoil , should be pursued during turbulent times such as now . Discussions on the merger of Korea Credit Guarantee Fund and Kibo Technology Fund were also recently postponed to the year - end due to current financial market conditions , and therefore whether this will factor in as a variable in KDB privatization talks is garnering attention . The Financial Services Commission ( FSC ) disclosed on Sunday that , for the moment , it seeks to press forward as planned with the privatization of KDB and that there are no changes to the basic conditions . In regards to this , some in the financial circle and related industries are raising their voices that it is an extremely undesirable timing for privatization . They argue that the financial market has been already hit by sparks of a crisis and thus the process of reorganizing the policy - based financial institution may weaken its ability to counter crises . “ Now is a time to shift to a risk management system and prepare for the possibility of financial unrest extending to the real economy , ” said a figure of the financial circle . “ In such aspects , KDB ’ s role in policy - based finance is important and it is not a good time ( for privatization ) . It should be reconsidered , ” the source added . In the political arena as well , an argument being brought up is whether ‘ it is right to privatize at a time when support for small and medium - sized enterprises is all the more urgent , ’ with many adhering to the view that plans for privatization should be reexamined . However , the FSC and KDB judge that at a time when financial industries all around the globe are undergoing a sea change , a framework for privatization needs to be set up so that it can run immediately as the market begins to settle down . [ Eun - young Sa / JYJ ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]