Yoon Jong-won, President of Industrial Bank of Korea, must lead domestic green finance

IBK President Yoon Jong-won (pictured) held an expanded management meeting and discussed ways to support SMEs in preparation for climate change and green transition.

President Yoon held an expanded management meeting at the IBK Chungju Training Center for two days on the 28th and 29th of last month, attended by all executives at the general manager level and above. After a recent business trip to Silicon Valley in the U.S., President Yoon, who is promoting the expansion of support and fostering of start-up venture businesses by IBK, emphasized, “The purpose of innovative management is to increase the dynamism of SMEs and Korean finance.”

At the ‘ESG (Environmental, Social, Governance) Workshop’ held on the second day of the meeting, discussion on the role of IBK for green transition of SMEs continued. IBK discussed major tasks to become a ‘global green bank with SMEs’, such as ▲ establishing a green finance management system (governance) ▲ managing greenhouse gas emissions ▲ expanding green loans and investment and introducing a green transition program for SMEs.

President Yoon said, “The international community has long been demanding green finance leadership from banks, but domestic financial institutions are still in their infancy. “He said.

By Lee In-hyuk, staff reporter twopeople@hankyung.com

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