콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Territorial Development Environment

Print

Current status of green financing in Korea and political implications

Related Document
Frame of Image
  • Current status of green financing in Korea and political implications
  • Oh, Deokkyo
  • David Publishing Company


link
Title Current status of green financing in Korea and political implications
Similar Titles
Material Type Reports
Author(English)

Oh, Deokkyo

Publisher

[Valley Cottage]:David Publishing Company

Date 2012-09
Journal Title; Vol./Issue Journal of Modern Accounting and Auditing:Vol. 8(No. 9)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Territorial Development < Environment
Holding David Publishing Company

Abstract

This research shows the current status and the future prospects of green financing in Korea. Green financing is currently on the initial stage in Korea, just like the green growth policy. Thus, banks are contextually not willing to invest or loan in the green technology or industry for profitability, because the high uncertainty (risk) exists and because 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 financing in Korea, and the most effective policy will be the credit guarantee for green technologies or companies provided by public agencies, as shown in the financing policy for the small and middle enterprises. (The rest omitted)