Korea Development Bank (KDB)South Korea

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Created on: 2017-06-27 12:37:49
Last update: 2020-09-17 15:28:50
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About Korea Development Bank (KDB)

The Korea Development Bank (KDB) is Korea's state-owned development bank, and was founded in 1954 to help develop Korean industries and the country's economy. The bank's products and services include corporate loans, equity investments, public/corporate bonds and debt and payment guarantees. The bank is heavily involved in the Asia-Pacific project finance market. KDB adopted the Equator Principles in 2017, and is profiled as part of BankTrack's Equator Principles Track and Chase project.

Website https://www.kdb.co.kr/ih/simpleJsp.do
Headquarters
14 Eunhaeng-ro, Yeongdeungpo-gu
07242 Seoul
South Korea
CEO/chair Lee, Dong-Gull
CEO
Supervisor
Financial Supervisory Service (South Korea)
Annual report Annual report 2019
Ownership

The Korea Development Bank is wholly owned by the Korean government.

Complaints and grievances

Related Dodgy Deals

Korea Development Bank (KDB) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Korea Development Bank
2020-09-09
KOR
2019
20
17
85
Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. 

For more details see this page.

News

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Type:
Year:
blog
external news
our news

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
blog
external news
our news

Trans Adriatic Pipeline: France provides massive financial support to controversial gas project

2019-01-17 | Paris, France | Les Amis de la Terre
blog
external news
our news

Korea Development Bank: The First Korean Bank to Adopt the Equator Principles

2017-01-02 | Seoul | The Equator Principles Association

Documents

Policies

Voluntary initiatives

Korea Development Bank (KDB) has committed itself to the following voluntary standards:

Investment policies

Korea Development Bank's webpage on corporate social responsibility can be accessed here.

Year:
csr policies

Environmental and Social Guidance for Project Finance

2016-10-04 00:00:00 | Korea Development Bank

Equator Principles

Implementation and reporting

Contact and complaints

Equator Principles Dodgy Deals

Projects

active

MGT Teesside biomass power station United Kingdom

Biomass Electric Power Generation
on record

Trans Adriatic Pipeline (TAP) - international -

Oil and Gas Extraction

Good moves

Year:

2018

Korea Development Bank rules out financing the Adani Carmichael coal mine and infrastructure

Three Korean financial institutions (among them the Korea Development Bank) have ruled out investing in the Adani Carmichael coal mine, rail line or Abbot Point coal export terminal, as confirmed in emails to the Wangan and Jagalingou (W&J) Traditional Owners Council.