Search results for NEXT ESG
Crypto
Woori Bank issues 300 billion won green bonds to expand ESG finance
Woori Bank issued Korea-style green bonds worth 300 billion won to expand ESG finance. The issuance, supported by a green bond interest subsidy programme hosted by the Ministry of Climate, Energy and Environment and the Korea Environmental Industry and Technology Institute, comprises 150 billion won of three-year notes and 150 billion won of one-year notes. The bank said proceeds will be used entirely for environmentally friendly projects including solar and wind power and waste energy recovery.
Finance
Financial innovation and bespoke finance accelerate amid Middle East risk
Geopolitical risk from the Middle East is shaking monetary and financial policy, with the Bank of Korea holding its policy rate at 2.50 percent for a seventh straight meeting. Governor Rhee Chang-yong warned stagflation cannot be ruled out depending on developments. Financial authorities are expanding support by 26.8 trillion won and boosting contributions and small loans for vulnerable groups. Banks are testing new credit-scoring models for small merchants and firms are widening AI- and platform-based services.
Finance
Woori Bank launches \'Next ESG\' strategy, confirms 50 key tasks
Woori Bank is putting its ESG management strategy into operation with a full execution framework. The bank set four strategic directions to expand ESG finance and confirmed 50 key tasks under the name \'NEXT 50\'. It also established a new ESG strategy, \'Next ESG\', aimed at achieving carbon neutrality by 2050 and fulfilling social responsibility. The plan includes emissions cuts, recycling expansion, support for eco-friendly firms and better access for vulnerable groups.