Hana Financial Group Partners with KAIST for ESG... 20 Billion KRW Support

100 Billion KRW Each Supported for Various Industry-Academia Collaborations for Carbon Neutrality
Academic Activities and Establishment of Artificial Photosynthesis Research Institute

Kim Jung-tae, Chairman of Hana Financial Group (fifth from the left), and Lee Kwang-hyung, President of KAIST (sixth from the left), are taking a commemorative photo after signing a memorandum of understanding (MOU) on the 'ESG Future Strategy' for carbon neutrality by 2050 on the 23rd. (Provided by Hana Financial Group)

[Asia Economy Reporter Minwoo Lee] Hana Financial Group has partnered with KAIST to develop an ESG (Environmental, Social, and Governance) future strategy for carbon neutrality.

On the 24th, Hana Financial Group announced that it signed a business agreement with KAIST for an 'ESG Future Strategy' aimed at achieving 2050 carbon neutrality, focusing on ▲solving climate change issues ▲transitioning to a low-carbon energy economy ▲expanding renewable energy.

Accordingly, both organizations will promote industry-academia cooperation to contribute to global carbon neutrality policies with the goal of developing new ESG technologies and creating value. In particular, to research ultimate carbon neutrality technologies, they agreed to actively cooperate and support the field of artificial photosynthesis, which is part of carbon capture, utilization, and storage (CCUS) technology.

Hana Financial Group will support ▲various academic activities such as basic science and convergence technologies and the group's ESG management practices with 10 billion KRW ▲and invest 10 billion KRW in the joint establishment of an artificial photosynthesis research institute.

Kim Jung-tae, Chairman of Hana Financial Group, said, "As carbon neutrality has recently become a key issue in the international community, the commercialization of future technologies that can utilize carbon is urgent," adding, "This business agreement between Hana Financial Group and KAIST will be a game changer that can commercialize future technologies for carbon neutrality and solve climate change problems."

Lee Kwang-hyung, President of KAIST, said, "The practical will of Hana Financial Group for ESG management and KAIST’s vision and technology looking toward the future society will create synergy to successfully solve humanity’s challenges of the climate crisis and carbon neutrality," adding, "We hope this cooperation will become a model precedent that creates various added values such as fostering promising industries and establishing a low-carbon industrial ecosystem."

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