Korea Eximbank to Set up a KRW500bn Fund to Promote ESG Investment

The Export-Import Bank of Korea (Korea Eximbank) announced on July 10 that it will establish a 500 billion won fund to promote Korean companies' investment in environmental, social, and governance (ESG) projects and support Korean small and medium-sized companies’ exports and overseas investment.

The state-run lender plans to contribute about 100 billion won to the fund and attract the remaining 400 billion won from private investors.

The bank said that it is promoting the fund establishment to support sustainable growth of Korean companies in consideration of the spread of ESG management and the government’s low-carbon policies.