GH Issues 50 Billion Won in Social Bonds... Utilizing Funds for Hanam Gyosan Public Housing

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) issued 50 billion KRW of social bonds, one of the ESG bonds, on the 8th.

Social bonds are a type of special-purpose bond within ESG bonds, where the funds raised are invested in projects that create social value, such as the development of social infrastructure.

GH plans to use the funds raised from this issuance as resources for the 'Hanam Gyosan Public Housing District Project,' which is scheduled to supply 33,000 households.

GH received the highest rating (S1) among social bond grades (S1~S5) from Korea Ratings, an ESG bond certification agency, recognizing its contribution to social responsibility such as the construction of high-quality and affordable public housing.

In March, GH became the first local public enterprise to issue 70 billion KRW worth of ESG green bonds exclusively for eco-friendly projects, and in April, it established internal application standards allowing up to 160% additional settlement of industrial safety and health management costs to strengthen safety management at construction sites, playing a leading role in sustainable environment and people-centered safety management.

Jeon Hyung-su, Acting President (Vice President) of GH, stated, "ESG management is no longer a declarative slogan but a matter of survival," adding, "GH will continue to expand the implementation of ESG management promotion plans for sustainable management."

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