IBK-주금공, Up to 500 Million KRW Low-Interest Loans for ESG-Excellent SMEs
Establishment of a 15 Billion KRW Fund through a Business Agreement
At the agreement ceremony held on the 20th at IBK Finance Tower in Euljiro, Seoul, Park Ju-yong, Vice President of IBK Corporate Bank CIB Group (right), and Jo Jeom-ho, Director of Korea Housing Finance Corporation (left), are posing for a commemorative photo after the ceremony.
View original image[Asia Economy Reporter Jin-ho Kim] IBK Industrial Bank and Korea Housing Finance Corporation are launching financial support to promote ESG (Environmental, Social Responsibility, and Governance) management among small and medium-sized enterprises (SMEs).
On the 20th, IBK Industrial Bank and Korea Housing Finance Corporation announced that they signed a 'Financial Support Agreement to Promote ESG Management Support for SMEs' at the IBK Finance Tower in Euljiro, Seoul.
Under the agreement, IBK Industrial Bank, together with Korea Housing Finance Corporation, will establish a fund worth 15 billion KRW to provide low-interest cooperative growth loans. Up to 500 million KRW will be supported for SMEs excelling in ▲Environmental (E) ▲Social Responsibility (S) ▲Governance (G), with an annual loan interest rate reduced by 1.30 percentage points.
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An IBK Industrial Bank official stated, “We hope this agreement will help spread ESG management among SMEs,” adding, “We plan to strengthen related support to raise ESG awareness among SMEs and assist sustainable management.”
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