Mirae Asset Securities Signs Business Agreement with Korea South-East Power for ESG Bond Issuance

Maeng Won-ho, Director of Planning at Korea Southern Power, Lee Seung-woo, President, Kim Sang-tae, Head of Headquarters Sales at Mirae Asset Securities, and Lee Doo-bok, Head of Trading Division 2 (from left)

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 6th that it has signed a business agreement with Korea Southern Power to issue ESG (Environmental, Social, and Governance) bonds.

The two companies held the business agreement ceremony at the Yeouido headquarters on the 3rd. This agreement was made as Korea Southern Power's determination to actively discover renewable energy projects aligned with Mirae Asset Securities' demand to actively attract institutional investors for ESG bond issuance. Going forward, both parties agreed to actively cooperate for the successful issuance of sustainable bonds.

Mirae Asset Securities has been recognized for its outstanding capabilities in the ESG bond sector, having served as the lead manager for Korea Electric Power Corporation's sustainable bond issuance for two consecutive years. Additionally, it has taken the lead in ESG-related business by being the first global securities firm to issue foreign currency sustainable bonds. It also secured an A grade in the 2020 ESG evaluation of listed companies announced by the Korea Corporate Governance Service (KCGS), solidifying its position as an industry leader in ESG management performance.