BNK Financial Group Launches Bu-Ul-Gyeong Productive Finance Model... "2 Trillion Won Investment in Offshore Wind Power"

BNK Financial Group, led by Chairman Bin Daein, is accelerating efforts to materialize a productive finance model tailored to the Busan-Ulsan-Gyeongnam (BUKG) region.

On November 3, the group held the first meeting of the "Group Productive Finance Council," where they discussed strategies for supporting regional marine and renewable energy projects, with a particular focus on the Busan Dadaepo offshore wind power project.

BNK Financial Group is taking a commemorative photo after signing a business agreement to strengthen global cooperation in offshore wind power. Photo by BNK Financial Group

Choi Woojin, Korea Country Director of Corio Generation, the project developer, attended the meeting to provide an overview of the project. Key executives from Korea Southern Power, the joint developer, also participated, engaging in in-depth discussions on risk factors and directions for regionally linked investments.

BNK Financial Group views the marine and renewable energy industries as future growth engines for the BUKG region and has selected the Dadaepo offshore wind power project as a flagship initiative for its region-specific productive finance strategy.

To this end, the group has established a separate investment plan worth approximately 2 trillion won. They intend to verify a finance support model centered on demonstration projects, while simultaneously providing support to related equipment manufacturers and other upstream industries.

Notably, global financial institution ING also attended the meeting and agreed to strengthen its collaboration with BNK Financial Group.

Since signing a comprehensive business agreement in February to enhance global sustainability and collaborate on advanced marine finance, BNK Financial Group and ING have maintained a close partnership.

Recently, Chairman Bin Daein of BNK Financial Group and Jung Hyeyeon, Korea Country Head of ING, met in person to discuss joint investment and financial cooperation in areas such as offshore wind power, port infrastructure, and the hydrogen economy, thereby strengthening the foundation for CEO-level collaboration.

A BNK Financial Group representative stated, "Through our collaboration with ING, we will establish a marine and ESG finance system that meets global standards and develop a BNK-style sustainable finance model that leads the advancement of the BUKG marine industry. We aim to become a specialized marine finance group where policy, industry, and finance are organically connected, and actively contribute to establishing the BUKG region as a global hub for marine finance."

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