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Korea Development Bank (KDB)South Korea
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Created on: 2017-06-27 12:37:49
Last update: 2017-07-17 12:09:52
Karen Vermeer, Forest and Equator Principles Campaigner at BankTrack
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About
KDB Head office, Seoul Korea. Photo: courtesy of Businesskorea.co.krThe 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 national 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. In December 2016 KDB controlled assets worth KRW 272,837 billion.
KDB adopted the Equator Principles in 2017, and is profiled as part of BankTrack's Equator Principles Track and Chase project.
| Headquarters |
14 Eunhaeng-ro, Yeongdeungpo-gu
07242 Seoul
South Korea
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| Supervisor | |
| CEO/chair |
Lee Dong-Geol CEO |
| Annual reports |
Annual report 2015 Annual report 2016 |
| Website | https://www.kdb.co.kr/ih/simpleJsp.do |
| Ownership |
The Korea Development Bank is wholly owned by the Korean government. |
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.
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Projects
Active
Great Barrier Reef Coal & Gas Exports Australia
Active
MGT Teesside biomass power station United Kingdom
There are no projects active for Korea Development Bank (KDB) now.
Companies
Active
National Thermal Power Corporation (NTPC) India
There are no companies active for Korea Development Bank (KDB) now.
Dodgy Deals map
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Documents
Policies
Voluntary initiatives
Korea Development Bank (KDB) has committed itself to the following voluntary standards:Investment policies
KDC's commitments on corporate social responsibility can be seen here (click on English/Investor Relations/Sustainability).
Issues
Korea Development Bank (KDB) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Korea Development Bank (KDB) adopted the Equator Principles in 2017.
Reporting on the Equator Principles
Korea Development Bank (KDB) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Korea Development Bank (KDB) is in compliance with its reporting obligations. Korea Development Bank (KDB) is still in its grace period.
Dodgy Deals
Korea Development Bank (KDB) is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Equator Principles
Implementation and reporting
Contact and complaints
Equator Principles Dodgy Deals
Good moves
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