| 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 | |
| Ownership |
The Korea Development Bank is wholly owned by the Korean government. |
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.
KDB's most important sustainability commitments can be found at the website sections listed below [go to Investor Relations/Sustainability].
KDB excludes finance for new coal power plants (see KDB website/Investor relations/Sustainability/Guidelines for coal financing).
Korea Development Bank (KDB) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Korea Development Bank (KDB)'s link to these deals.
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.
Korea Development Bank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates Korea Development Bank (KDB)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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