KB Financial, New Deal Financial Support Achieves 3.9 Trillion Won... "Leading the Human New Deal"
Financial Support Goal of 10 Trillion KRW for the Korean New Deal Over 5 Years Starting from 2020
[Asia Economy Reporter Park Sun-mi] KB Financial Group plans to take a leading role in the nationally promoted ‘Human New Deal’ aimed at addressing inequality and disparities during the economic recovery process following the COVID-19 crisis.
On the 26th, KB Financial announced that it held the ‘2021 2nd KB New Deal and Innovative Finance Council’ on the 23rd, composed of key executives from major affiliates including Chairman Yoon Jong-kyu, Vice Chairman Yang Jong-hee, KB Kookmin Bank CEO Hur In, and representatives from KB Securities, KB Asset Management, and KB Investment.
The meeting was an opportunity to discuss the current support status and expansion plans from each affiliate regarding the ongoing ‘Digital and Green New Deal’ sectors of the existing Korean New Deal, which has been promoted since 2020. KB Financial aims to provide financial support totaling 10 trillion KRW over five years from 2020 to 2025, with support amounting to 3.9 trillion KRW as of the first half of this year.
Additionally, in line with the restructuring of the ‘Korean New Deal 2.0,’ the council also discussed plans to expand support for the Human New Deal, which promotes youth policies and disparity resolution. Through systematic and practical support for the Human New Deal, presented as a new pillar of the Korean New Deal, KB Financial plans to actively contribute to resolving polarization in our society.
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Chairman Yoon Jong-kyu stated, “ESG management is an unstoppable wave of the times, and we must create a sustainable balanced growth model where society, customers, and KB all win.” He added, “As a comprehensive financial group leading ESG management, we will boldly implement ‘finance that creates customer happiness and a better world’ with a strong sense of mission.”
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