Korea Development Bank Signs Business Agreement with Ministry of Environment and Others to Promote Green Bonds

Providing a Standard Model and Laying the Foundation for Green Finance through Green Bond Issuance
Promoting Green Bond Issuance Worth Approximately 300 Billion KRW in Q1

[Asia Economy Reporter Park Sun-mi] On the 16th, the Korea Development Bank announced that it signed a 'Business Agreement for the Activation of Green Bonds' with the Ministry of Environment, green bond issuing institutions, and external review institutions.

Based on this agreement, the Korea Development Bank plans to refine its existing 'KDB Standard Management System' more precisely in accordance with the 'Ministry of Environment Green Bond Guidelines' announced by the Ministry of Environment in December last year, and to promote the issuance of green bonds worth approximately 300 billion KRW in the first quarter of this year. Additionally, through collaboration with related organizations, it aims to spread standardized issuance models to enhance investor interest and trust, thereby expecting to activate investment in green bonds.

The Korea Development Bank has completed an organizational restructuring to promote a major transition as a policy financial institution leading green finance this year, and is pursuing support through various green financial products, including the establishment of the 'Korea Great Transition New Deal Program' worth about 25 trillion KRW over five years.

A representative of the Korea Development Bank stated, "In the future, we will continue to attract private funds to domestic eco-friendly industries and transparently disclose the environmental improvement effects resulting from the use of green bond funds," adding, "As a representative policy financial institution, we will actively cooperate with the government's successful green finance promotion policies and play an important role in the development of domestic green finance."

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