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Industry

South Korean industry holds back large-scale green investment amid policy uncertainty

South Korean companies are increasing use of green bonds to finance the energy transition, but weak enforcement of the country’s green taxonomy is raising greenwashing risks, a report said. IEEFA found South Korea ranked second in financial development among ASEAN+3 economies but fourth in green finance development. It said the voluntary K-Taxonomy could allow fossil fuel-dependent projects to be labelled green, potentially limiting overseas funding as global standards tighten.

Crypto

Parameta unveils on-chain KYC-based cross-border transaction model at ADB bond forum

Web3 enabler Parameta was officially invited to the 45th ASEAN+3 Bond Market Forum and related events held in Yogyakarta, Indonesia, from Feb. 2 to 4, where it unveiled a new cross-border transaction standard model using blockchain technology. In a Digital Bond Market Forum session, the company highlighted its on-chain KYC technology designed to help remove investment barriers between countries with different regulations.