Financial Supervisory Service and Ewha Womans University Hold International Climate Risk Conference
Commissioner Lee: "New Government Climate Policy Should Be Seen as a Growth Opportunity"
On September 11, Lee Chanjin, Commissioner of the Financial Supervisory Service, stated, "We will establish green lending in sectors where carbon reduction effects have been proven," adding, "We must turn the new government's climate crisis strategy into a new growth opportunity and reduce social costs."
Lee Chanjin, Financial Supervisory Service Commissioner, attended the "Savings Bank Chief Executive Officer (CEO) Meeting" held on September 4th at the Korea Federation of Savings Banks in Mapo-gu, Seoul, and delivered a welcoming speech. 2025.09.04 Photo by Yoon Dongju
Commissioner Lee made these remarks while attending the international conference "Next-Generation Climate Risk Management Utilizing Artificial Intelligence (AI) and Technology," co-hosted by the Financial Supervisory Service and Ewha Womans University at Ewha Womans University in Seodaemun-gu, Seoul, on September 11.
He emphasized, "The Financial Supervisory Service will introduce transition finance to smoothly support not only sectors with proven carbon reduction effects but also businesses that demonstrate long-term results. We will ensure that climate crisis response systems are embedded throughout the management of financial institutions."
He continued, "The financial sector must serve as a bridge between social demands and the financial market, closely examining both the economic outcomes and social costs in the process of responding to the climate crisis. I also hope that sufficient support will be provided to economic actors facing difficulties during the transition."
Lee Hyangsook, President of Ewha Womans University, stated, "Responding to the climate crisis is a challenge that requires cooperation among academia, industry, government, and citizens. I hope this conference will become a new turning point in climate risk management."
In addition to Commissioner Lee and President Lee, the conference was attended by Yang Jonghee, Chairman of KB Financial Group; Lee Hwanju, President of KB Kookmin Bank; Philippe Bertoux, French Ambassador to Korea; Gareth Weir, British Ambassador to Korea; Pieter van der Plas, Dutch Ambassador to Korea; Philippe van Hoof, Chairman of the European Chamber of Commerce in Korea; Jean Boissinot, Director of the French Prudential Supervision and Resolution Authority; executives from financial institutions such as HSBC, ING, and Moody's; officials from the Korea Meteorological Administration; and others.
The event was sponsored by six banks, including KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, NH Nonghyup Bank, and IBK Industrial Bank of Korea; four insurance companies, including Kyobo Life Insurance, Hanwha Life Insurance, Hyundai Marine & Fire Insurance, and Korean Re; three securities companies, including Korea Investment & Securities, Meritz Securities, and Toss Securities; two virtual asset exchanges, Bithumb and Dunamu; and Hyundai Card.
Participants introduced various issues related to climate crisis response and energy transition, including supervision, analysis, and management cases of climate risk utilizing AI technology, climate scenario generation, and global energy market trends.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
