Korea Shokusan Bank

Japanese: 朝鮮殖産銀行 - ちょうせんしょくさんぎんこう

A special bank established in 1918 by decree of the Government-General of Korea, merging six agricultural and industrial banks that had been scattered across Korea. It was established because the previous agricultural and industrial banks had weak financial resources and were unable to lend long-term colonial funds to the agricultural and industrial sectors. It obtained funds by issuing bonds up to 10 times (later 15 times) the paid-in capital, and lent money mainly to the agricultural sector in Korea. It was particularly involved in the Korean rice production increase plan, and was used as the promotion agency for this plan together with the Oriental Colonization Company. It made a particularly large number of loans for agricultural improvement, land improvement, and irrigation projects.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

朝鮮総督府の制令にもとづき，朝鮮各地に分立していた農工銀行6行を合併して1918年に設立された特殊銀行。従来の農工銀行が資金力弱体で農工業部門への拓殖長期資金の貸付けが不十分であったために設立された。払込資本金の10倍(のち15倍)を限度とする債券発行で原資を得，朝鮮内のおもに農業部門への貸付けを行った。とくに朝鮮産米増殖計画とのかかわりが大きく，東洋拓殖株式会社とともにその推進機関とされた。農事改良，土地改良ならびに水利事業への貸付けがとくに多い。

出典　株式会社平凡社世界大百科事典第２版について　情報

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