Kookmin Bank, Shinbo and KB Securities Sign 'ESG Private Investment Project Investment Promotion MOU'

Financial Support Planned Through Issuance of 280 Billion KRW ESG Certified Bonds

At the 'ESG Private Investment Project Promotion Agreement Ceremony' held on the 25th at KB Kookmin Bank Yeouido New Building, (first from the left) Heo In, President of KB Kookmin Bank, (second from the left) Yoon Daehee, Chairman of the Korea Credit Guarantee Fund, and (first from the right) Kim Seonghyun, CEO of KB Securities, signed the agreement and took a commemorative photo.

[Asia Economy Reporter Park Sun-mi] KB Kookmin Bank announced on the 25th that it has signed a ‘Memorandum of Understanding (MOU) to Activate Investment in ESG Private Investment Projects’ with the Korea Credit Guarantee Fund and KB Securities to expand the foundation for sustainable growth.

The signing ceremony held at KB Kookmin Bank’s Yeouido New Building was attended by Huh In, President of KB Kookmin Bank, Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund, Kim Sung-hyun, CEO of KB Securities, and other officials.

Through this agreement, the participating institutions plan to cooperate to promote investment and provide financial support for ESG private investment projects, share know-how and networks for discovering related projects, and contribute to the spread of ESG.

As the first supported project, KB Kookmin Bank selected the ‘2nd Gyeongin Connection (between Anyang and Seongnam) Expressway Private Investment Project,’ which it is arranging financing for, and plans to support KRW 280 billion in ESG securitized bonds to be issued in December. The ESG securitized bonds to be supported are the first guaranteed ESG-certified bonds for private investment projects and have received the Korea Credit Rating ESG SB1 (Social Bond 1) grade.

Huh In, President of KB Kookmin Bank, stated, “ESG is not a choice but a responsibility we must fulfill for the sustainable growth of our economy,” and added, “We will actively support the three institutions to play a leading role in creating an ESG ecosystem through this agreement.”

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