BNK Financial Group and ING Bank Collaborate on Offshore Wind Power and Ship Financing Projects

Signing of Strategic Partnership Memorandum of Understanding
Focusing on Renewable Energy and Regional Economic Revitalization
Joint Development of ESG Financial Solutions with ING Bank

BNK Financial Group announced on the 24th that it has signed a strategic partnership memorandum of understanding (MOU) with ING Bank at the Busan Bank headquarters. Starting with renewable energy sectors such as offshore wind power and ship financing, the partnership will focus on financial support linked to regional economic revitalization aimed at global hub cities, including the development of the new Busan airport, North Port redevelopment, aerospace complex city, and smart logistics city.

Through the introduction of overseas ESG (Environmental, Social, and Governance) bonds and customized sustainable-linked financial solutions, they will develop products that align with global ESG financial trends. They also plan to expand the ESG financial ecosystem by building expert networks and jointly hosting workshops.

BNK Financial will be responsible for financial support and management of domestic ESG projects and establishing cooperative systems with local stakeholders. Through this, they will strengthen IB finance, marine finance, logistics finance, and aviation finance based on the regional economy.

Philip van Hoof, ING Bank Korea Representative (from left), Bindaein, Chairman of BNK Financial Group, and Son Youngchang, ING Securities Seoul Branch Manager, signed a "Strategic Partnership Memorandum of Understanding (MOU) for Strengthening Global Sustainability and Expanding ESG Finance" at the Busan Bank headquarters on the 24th. Photo by BNK Financial Group

ING Bank will be responsible for discovering opportunities by applying advanced global financial techniques to sustainable-linked financial support for global projects and region-specific finance, and will provide financial products and funding solutions that comply with international ESG standards.

Bin Dae-in, Chairman of BNK Financial Group, stated, “This agreement will be an opportunity to elevate BNK Financial Group’s global financial capabilities to the next level,” adding, “Through cooperation with ING Bank, we will create a sustainable financial ecosystem and secure new momentum for regional economic growth.”

Philip van Hoof, Head of ING Bank Korea, said, “We are pleased to contribute to the development of the Korean ESG financial market through cooperation with BNK Financial Group,” and added, “We will actively support BNK Financial Group in securing global-level competitiveness by leveraging ING Bank’s global network and expertise in sustainable finance.”