Korea Financial Group Signs Business Agreement with Hydrogen Convergence Alliance

Lee Kang-haeng, President of Korea Financial Group (right), and Kim Seong-bok, Head of the Hydrogen Convergence Alliance, are signing a business agreement and taking a commemorative photo.

[Asia Economy Reporter Junho Hwang] On the 20th, Korea Financial Group signed a business agreement with the Hydrogen Convergence Alliance (H2KOREA) at the headquarters of Korea Investment & Securities in Yeouido to create a hydrogen industry ecosystem and support hydrogen-specialized companies.

Through this agreement, Korea Financial Group will provide financial arrangement and advisory services to expand the hydrogen industry of H2KOREA member companies. In particular, it will contribute to revitalizing the hydrogen economy by playing a capital-raising role in financial investment businesses such as stage-specific investments, initial public offerings (IPO), mergers and acquisitions (M&A), capital increases, and bond issuance.

Established in 2017, H2KOREA is an organization that supports domestic hydrogen production and supply through regulatory and institutional improvements across the entire hydrogen industry process, discovering hydrogen-specialized companies, and building hydrogen production bases. Following the enforcement of the "Act on the Promotion of Hydrogen Economy and Hydrogen Safety Management" (hereinafter referred to as the Hydrogen Act) in February, it was selected as the dedicated institution for hydrogen industry promotion.

Kanghaeng Lee, CEO of Korea Financial Group, said, "Korea Investment Financial Group has recently established a social contribution department in the holding company and set up ESG committees in each affiliate, continuously making efforts for ESG management. Through this business agreement, we plan for all affiliates to actively support laying the foundation for the growth of the domestic hydrogen economy and the development of an eco-friendly hydrogen industry."

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