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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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The 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.
14 Eunhaeng-ro, Yeongdeungpo-gu
Lee Dong-Geol |
Annual report 2015|
Annual report 2016
The Korea Development Bank is wholly owned by the Korean government.
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Voluntary initiativesKorea Development Bank (KDB) has committed itself to the following voluntary standards:
KDC's commitments on corporate social responsibility can be seen here (click on English/Investor Relations/Sustainability).
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.
Korea Development Bank (KDB) is involved in financing the following Equator Principles projects that BankTrack considers controversial.