Korea Housing Finance Corporation, Korea South-East Power, and Hana Bank Join Hands to Promote ESG Finance

Namubu Power Provides Preferential Interest Rates to Partner Companies

Choi Jun-woo, President of the Korea Housing Finance Corporation, is taking a commemorative photo after signing a business agreement to support small and medium-sized enterprises through the promotion of ESG finance with Park Sung-ho, CEO of Hana Bank (first from the left), and Lee Seung-woo, President of Korea South-East Power Co., Ltd., on the 15th at the Hana Bank headquarters in Jung-gu, Seoul. (Photo by Korea Housing Finance Corporation)

[Asia Economy Reporter Minwoo Lee] The Korea Housing Finance Corporation (HF) is joining hands with Korea South-East Power and Hana Bank to support a portion of profits as preferential interest rates to companies related to eco-friendly energy generation, thereby promoting ESG (Environmental, Social, and Governance) finance.

On the 15th, HF announced that it had signed a "Business Agreement to Support Small and Medium Enterprises through ESG Finance Activation" with Korea South-East Power and Hana Bank.

Accordingly, HF Corporation and Hana Bank will provide preferential interest rates on corporate loans to Korea South-East Power’s partner companies engaged in green projects such as eco-friendly energy generation, using a portion of the agreed profits generated from HF Corporation’s fund management.

The scale of corporate loans is approximately 30 billion KRW and will be selected from partner companies recommended by Korea South-East Power.

Choi Jun-woo, President of HF Corporation, said, "This agreement enables customized ESG financial support with public interest," adding, "Going forward, the corporation plans to gradually expand ESG financial support to spread social and environmental contributions through collaboration with related organizations."

This content was produced with the assistance of AI translation services.