Forecast, External Certification of Social Value Bonds... Annual Issuance of 2 Trillion Won Scale

[Asia Economy Reporter Kwon Haeyoung] The Korea Deposit Insurance Corporation (KDIC) obtained external certification on the 6th confirming that the Special Account Bonds for Deposit Insurance Fund (Yesukchae) comply with international standards for social value bonds.

Social value bonds refer to special bonds whose investment funds are used for projects with social purposes.

This external certification recognizes that the funds raised through the special account burden contribute to enhancing the protection and relief effectiveness for financial consumers such as low-income households and small and medium-sized enterprises.

Starting this month, KDIC plans to issue Yesukchae as social value bonds worth approximately 1.8 trillion KRW this year. Going forward, all Yesukchae will be issued as social value bonds. In 2021, social value bonds worth 1.5 trillion KRW will be issued, and in 2022, 1.7 trillion KRW worth will be issued.

A KDIC official stated, "We will continue to maintain interest and efforts to realize social value as a public institution, including practicing inclusive finance."

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