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Green financing in Korea

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  • Green financing in Korea
  • Oh, Deokkyo
  • International Finance Corporation


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Title Green financing in Korea
Similar Titles
Material Type Articles
Author(English)

Oh, Deokkyo

Publisher

[Washington, D.C.]:International Finance Corporation

Date 2015
Pages 19
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Economic Administration
Social Development < Others
Holding International Finance Corporation

Abstract

This research shows the current status and the future prospectus of green financing in Korea. Green financing is currently on the initial stage in Korea, just like the green growth policy, so contextually banks are not willing to invest or loan in the green technology or industry for profitability because of high uncertainty (risk) and Korean people have little concern on green financing, though they have recognized the necessity of green growth. Therefore, the reinforcement of government’s role is suggested in this research. The public financial agencies are now very important in popularizing the green finance in Korea and the most effective policy will be the credit guarantee for green technologies or companies by public agencies, as in the financing policy for the small and middle enterprises. (The rest omitted)