Samsung Establishes ₩1 Trillion 'Partner ESG Fund' with Interest-Free Loan Support
Kim SangJin
letyou@alphabiz.co.kr | 2024-09-25 03:35:35
Photo = Samsung Electronics
[Alpha Biz= Reporter Kim Sangjin] On the 24th, Samsung Electronics signed a memorandum of understanding (MOU) at the Bank Hall in Myeongdong, Seoul, in collaboration with the Financial Supervisory Service and the five major financial groups to establish a ₩1 trillion 'Partner ESG Fund' aimed at supporting the environmental, social, and governance (ESG) management of domestic partners.
The ceremony was attended by key figures, including Lee Bok-hyun, the head of the Financial Supervisory Service; Han Jong-hee, Vice Chairman and CEO of Samsung Electronics; and the chairpersons of the five major financial groups: Yang Jong-hee (KB Financial), Jin Ok-dong (Shinhan Financial), Ham Young-joo (Hana Financial), Lim Jong-ryong (Woori Financial), and Lee Seok-jun (NH Nonghyup Financial).
Through this agreement, Samsung will deposit ₩1 trillion in the five banks, allowing small and medium-sized partner companies to access interest-free loans by utilizing the deposit interest and reduced interest rates. This initiative exemplifies a collaborative effort between large corporations and the financial sector to assist small businesses struggling with ESG management, and it is expected to promote a culture of mutual growth in the future.
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