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2023-02-07 00:00:00
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Korea Development Bank (KDB)South Korea
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Created on: 2017-06-27 12:37:49
Last update: 2022-08-08 15:53:30

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KDB Head office, Seoul Korea. Photo: courtesy of Businesskorea.co.kr

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
Financial Supervisory Service (South Korea)
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

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

All
|
Projects
|
Companies
Targets
|
Active profiles
|
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
2022-08-22
KOR
2021
36
36
100
1.01000000037E+38
0
South Korea
Profile
Reporting period
2021
PF deals under EP
36
Project names reported
36
% Project names reported
100
20220822
Last update: 2022-08-22
Explanation

EP reporting page: https://equator-principles.com/reporting-korea-development-bank-2020/

Explanation

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. 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

At least $132 billion in finance for fossil fuels is locking Africa out of a Just Transition, shows new report

African countries kept in fossil fuel stranglehold by Overseas money
2022-03-03 | BankTrack, 350.org Africa, AFIEGO, Africa Coal Network, Alerte Congolaise pour l’Environnement et les Droits de l’Homme (ACEDH), Alliance for Empowering Rural Communities (AERC), Centre for Alternative Development (CAD), Environment Governance Institute (EGI), Friends of the Earth Ghana, Friends of the Earth Mozambique, Friends of the Earth Togo, Innovation for the Development and Protection of the Environment (IDPE), Laudato Si, Lumière Synergie pour le Développement (LSD), Milieudefensie, Oil Change International, Save Okavango (SOUL), Solidarité pour la Réflexion et Appui au Développement Communautaire (SORADEC), Synergie de Jeunes pour le Développement et les Droits Humains (SJDDH), Women Environmental Programme Nigeria, WoMin, Zimbabwe Environmental Law Association (ZELA)
blog
external news
our news

Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
blog
external news
our news

A future without coal: banking on Asia's just energy transition

2021-11-10 | Fair Finance Asia
blog
external news
our news

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
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

Type:
Year:
annual reports
2022-06-05 00:00:00

Annual report 2021

2022-06-05 00:00:00 | KDB
annual reports
2021-09-06 00:00:00

Annual report 2020

2021-09-06 00:00:00 | KDB
bank documents
2021-09-06 00:00:00

Equator Principles 2020 report

2021-09-06 00:00:00 | KDB
our publications
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

2020-11-24 00:00:00 | BankTrack
annual reports
2020-09-17 00:00:00

Annual report 2019

2020-09-17 00:00:00 | KDB
annual reports
2019-07-31 00:00:00

Annual integrated report 2018

2019-07-31 00:00:00 | Korea Development Bank
annual reports
2018-03-31 00:00:00

Annual integrated report 2017

2018-03-31 00:00:00 | Korea Development Bank
annual reports
2017-03-31 00:00:00

Annual integrated report 2016

2017-03-31 00:00:00 | Korea Development Bank
csr policies
2016-10-04 00:00:00

Environmental and Social Guidance for Project Finance

2016-10-04 00:00:00 | Korea Development Bank
bank documents
2014-05-01 00:00:00

KDB Resolution plan 2014

2014-05-01 00:00:00 | KDB

Policies

Voluntary standards

Korea Development Bank (KDB) has committed itself to the following voluntary standards:
  • Equator Principles
  • United Nations Global Compact
  • Wolfsberg Principles

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).

Year:
csr policies
2016-10-04 00:00:00

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

Trans Adriatic Pipeline (TAP) - international -

Oil and Gas Extraction | Pipeline Transportation of Natural Gas
on record

MGT Teesside biomass power station United Kingdom

Biomass Electric Power Generation

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.
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