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About Korea Development Bank (KDB)
The Korea Development Bank (KDB) is South 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.
Website | https://www.kdb.co.kr/ih/simpleJsp.do |
Headquarters |
14 Eunhaeng-ro, Yeongdeungpo-gu
07242 Seoul
South Korea
|
CEO/chair |
Kang, Seog Hoon CEO |
Supervisor | |
Annual report | Annual report 2021 |
Ownership |
The Korea Development Bank is wholly owned by the Korean government. |
Complaints and grievances |
Korea Development Bank does not have a complaints or grievances mechanism for individuals or communities that might have been affected by the bank's finance. |
Related Dodgy Deals
Dodgy Deals map
Policy Assessments
Tracking the Equator Principles
EPFIs reporting status
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
News
Documents
Policies
Voluntary standards
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 (via Investor relations/Sustainability).
KDB excludes finance for new coal power plants (see KDB website/Investor relations/Sustainability/Guidelines for coal financing).