Kyongnam Bank Issues 60 Billion Won ESG Korea-Style Green Bonds
Support for Liquefied Hydrogen Storage Projects and More
BNK Kyongnam Bank announced on July 3 that it has been finally selected for the "2025 Korea-Style Green Bond Interest Subsidy Support Project," organized by the Ministry of Environment and the Korea Environmental Industry and Technology Institute, and has issued "ESG Korea-Style Green Bonds" totaling 60 billion won. The ESG Korea-Style Green Bonds were issued with the aim of practicing sustainable management, including environmental protection and the creation of social value.
The funds raised from Kyongnam Bank's ESG Green Bonds will be used to support the liquefied hydrogen storage and supply business, as well as new construction projects for zero-energy buildings.
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Lee Junghoon, Head of the Treasury Department at Kyongnam Bank, stated, "Although we have continuously issued social bonds in the past, this is our first case of issuing green bonds. It is considered a very meaningful achievement in that it demonstrates our commitment to promoting eco-friendly projects and practicing ESG management. Going forward, BNK Kyongnam Bank will continue to practice ESG management through the ongoing issuance of green bonds."
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