HF also leads green financing assistance

-  HF signs an agreement with Korea Southern Power and KEB Hana Bank to support SMEs through robust ESG financing assistance

- HF and KEB Hana Bank provide ESG financing support by offering preferential interest rates to Korea Southern Power’s part

Korea Housing Finance Corporation (HF, CEO Choi Joon Woo) stated on April 15, 2022, that it signed the ‘Agreement on SME Financing Support Through Vitalizing ESG Financing Assistance’ with Korea Southern Power (CEO Lee Seung Woo) and KEB Hana Bank (CEO Park Sung Ho) <see image below>.

Under the agreement, HF and KEB Hana Bank will provide tailored ESG* financing support, and a portion of the returns from HF’s financing will be used to offer preferential interest rates to Korea Southern Power’s business partners taking out corporate loans for eco-friendly power generation or other green projects.

  * ESG refers to “environmental, social, and governance,” which are the drivers of eco-friendly, socially responsible, and transparent corporate governance. 

The MOU will create a KRW 30 billion fund for corporate loans available to business partners recommended by Korea Southern Power. HF and KEB Hana Bank will offer low-interest loans to these business partners, thus easing their financing burden.

HF CEO Choi commented, “With this MOU, we are now able to offer ESG financing assistance that serves the public interest as well. We will expand our ESG financing assistance to broaden the scope of our social and environmental contributions through collaboration with related agencies.”

In addition, HF has been taking the lead in practicing enterprise-wide ESG management by drafting strategic tasks that represent its commitment to ESG management and establishing the ESG Management Implementation Plan. 

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HF signed the ‘Agreement on SME Financing Support Through Vitalizing ESG Financing Assistance’ with Korea Southern Power and KEB Hana Bank at the Headquarters of KEB Hana Bank in Seoul on the 15th. HF CEO Choi (center) posed for a photo with KEB Hana Bank CEO Park Sung Ho (left) and Korea Southern Power CEO Lee Seung Woo (right) after the signing ceremony.