Sources in the financial industry said that Korea Federation of Small & Medium Business (Kbiz) will continue with the deal to acquire Korean government's stake in Industrial Bank of Korea (IBK). The Ministry of Strategy and Finance (MOSF) owns a 68.6% stake or 374.58 million shares in IBK. An official of IBK said, "We will be able to fulfill our role of providing financial support to SMBs if the SMBs, who receive assistance from us, become our shareholders." Before the deal with Kbiz, MOSF had planned to sell its stake in IBK while developing a budget plan for 2013.