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Created on: 2017-06-27 12:37:49
Last update: 2022-08-08 15:53:30
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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.
14 Eunhaeng-ro, Yeongdeungpo-gu
Kang, Seog Hoon |
|Annual report||Annual report 2021|
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
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-korea-development-bank-2020/
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.
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Equator Banks involved in financing at least 200 fossil fuel projects since Paris
Equator Banks fail communities on consultation and grievance mechanisms, new study finds
Equator Principles requirements missing for most projects, finds new BankTrack study
Trans Adriatic Pipeline: France provides massive financial support to controversial gas project
Voluntary standardsKorea Development Bank (KDB) has committed itself to the following voluntary standards:
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).