ESG

POSCO and Korea Gas join sustainability bond spree

South Korea is taking its sustainability drive to the next level after two non-financial companies raise a combined $1 billion from sustainability bonds.
Youth employment is one of the main focus for sustainability bond issuers
Youth employment is one of the main focus for sustainability bond issuers

South Korea is set to solidify its position as the world’s most active jurisdiction for sustainability bond issuance this year after two more companies join the streak of bond sales this week.

Steel giant POSCO and state-owned gas supplier Korea Gas are the latest to join six other institutions, including Kookmin Bank, Korea Development Bank and Korea Housing Finance to issue sustainability bonds this year. The Ministry of Economy and Finance was also one of the issuers, having raised $500 million from a sustainability note sale in early June.

Meanwhile, Shinhan Financial Group has mandated a group of investment banks to explore the possibility of issuing...

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