Woori Bank has become the first commercial bank this year to issue Korean-style green bonds, accelerating its efforts in ESG finance. The bank raised a record 300 billion won, reinforcing its position as a leader in the green finance market.
On May 11, Woori Bank announced that it issued a total of 300 billion won in Korean-style green bonds through the "Korean-style Green Bond Issuance Interest Support Program" organized by the Ministry of Climate, Energy, and Environment and the Korea Environmental Industry and Technology Institute.
The issuance consists of 150 billion won with a three-year maturity and 150 billion won with a one-year maturity. This marks the first instance among commercial banks this year and is the largest single issuance to date.
Following the issuance of 150 billion won in Korean-style green bonds in both 2024 and 2025, this latest 300 billion won issuance brings the bank's total to 600 billion won. This amount positions Woori Bank as the leader in cumulative issuance of Korean-style green bonds among banks since 2022.
The funds raised will be fully allocated to support eco-friendly projects, including solar and wind energy production and waste-to-energy recovery projects. Woori Bank plans to solidify its leading position in the green finance market and accelerate its expansion in ESG finance.
Kang Han-na, head of Woori Bank's funding department, stated, "This issuance of Korean-style green bonds is an opportunity to reaffirm Woori Bank's commitment to ESG management in the market. As the role of finance in the transition to eco-friendliness becomes increasingly important, we will continue our responsible ESG initiatives."
* This article has been translated by AI.
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