Woori Bank Issues 150 Billion KRW Korean-Style Green Bonds

Support for Eco-friendly Wind-Solar Power Generation Project

Woori Bank announced on the 16th that it has participated in the ‘2024 Korean Green Bond Issuance Interest Subsidy Support Project’ organized by the Ministry of Environment and the Korea Environmental Industry & Technology Institute, issuing green bonds worth 150 billion KRW with a 2-year maturity. The funds raised through the bond issuance will be used to support eco-friendly wind and solar power generation projects that have undergone green taxonomy compliance review by NICE Credit Rating.

Korean green bonds must use the raised funds exclusively for projects that comply with the Korean Green Taxonomy (K-Taxonomy). Support is provided only to projects that have received compliance evaluation from institutions designated by the Ministry of Environment, and strict procedures such as mandatory post-reporting on the appropriateness of fund execution are required.

A Woori Bank official stated, “Through this green bond issuance, we will expand financial support for eco-friendly projects,” adding, “We will continue to promote ESG (Environmental, Social, and Governance) management through various financial supports to foster green economic activities.”