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Establishing a new government sponsored enterprise, Korea national mortgage corporation

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  • Establishing a new government sponsored enterprise, Korea national mortgage corporation
  • You, Seung-Dong
  • Korea National Mortgage Cooperation


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Title Establishing a new government sponsored enterprise, Korea national mortgage corporation
Similar Titles
Material Type Articles
Author(English)

You, Seung-Dong

Publisher

[Busan]:Korea National Mortgage Cooperation

Date 2003-12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Government and Law < Public Administration
Holding International Union for Housing Finance

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)