Hana Financial Investment Selected as Market Maker for Greenhouse Gas Emission Trading Market

[Asia Economy Reporter Ji Yeon-jin] Hana Financial Investment (CEO Eun-hyung Lee) announced on the 10th that it has been finally selected as a market maker for the greenhouse gas emissions trading market by the Ministry of Environment.

Hana Financial Investment is the first securities company to serve as a market maker in the greenhouse gas emissions trading market, tasked with mitigating price volatility and enhancing trading liquidity in the market to efficiently support individual companies and domestic greenhouse gas reduction.

In this market maker recruitment, Hana Financial Investment received high scores for its operational expertise in the global carbon emissions market, including the EU ETS (European Union Emissions Trading System), and its understanding of the carbon emissions market structure, leading to its final selection as one of the three market maker securities firms.

Hana Financial Investment plans to begin market making operations from the 17th of this month and will establish a dedicated department for emissions trading operations.

Dong-hyuk Lee, Head of Global Market Operations at Hana Financial Investment, said, “We were finally selected as a market maker in recognition of our understanding of the position of K-ETS (Korea Emissions Trading System) in the global carbon market and our operational expertise in advanced markets such as Europe. We will do our best to activate the domestic emissions market functions and further accelerate the realization of carbon neutrality through emission reductions in line with the purpose of this selection.”

Meanwhile, Hana Financial Group declared 2021 as the inaugural year of ‘ESG Management’ and announced the group’s ESG mid- to long-term goal ‘2030&60,’ which includes raising and supplying a total of 60 trillion KRW in ESG finance by 2030. The selection as a market maker in the greenhouse gas emissions trading market is expected to further accelerate Hana Financial Group’s ESG management practices.