Reporter meeting in Seomyeon held on the 18th
“Recommended for multiple candidates for outside directors in March…no plans to convert to holding company”
[서울=뉴스핌] Reporter Park Mi-ri = IBK Industrial Bank President Yoon Jong-won said, “We will increase the proportion of investment in ESG (environmental, social, governance) assets.”
“ESG management is an essential element for sustainable growth,” said Mr. Yoon at a press conference held in writing on the 18th. Recently, due to climate change and Corona 19, ESG has emerged as a global trend. IBK also established an ESG management team this year, issuing Korean won bonds that received ESG certification grade for the first time in the banking sector, and is implementing ESG management.
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| [서울=뉴스핌] Reporter Park Mi-ri = IBK Industrial Bank President Yoon Jong-won held a New Year’s press conference in writing on the 18th. [사진=IBK기업은행] 2021.02.18 [email protected] |
IBK plans to actively consider ESG factors in the decision-making process in the future. “We are taking the lead in responding to the environment-friendly and climate crisis (E) fulfilling our social responsibilities as a corporate citizen (S) and aiming at sound governance management (G).” And expand the proportion of investment in ESG-related assets.” In the future, an ESG committee within the board of directors will also be established.
It also spurs digital transformation. “Digital transformation is not an option, but a matter of survival, as the My Data business is being promoted in earnest.” “It will induce change across the world.” To this end, a digital curriculum will be established in cooperation with domestic universities, and employees will be dispatched from this year. It plans to cultivate 1,000 digital talents by 2023.
As a state-owned bank, active support for the’Korean version of the New Deal’ continues. IBK decided to supply 20 trillion won in loans and 5 trillion won in investment to New Deal companies over the next five years and provide consulting services related to New Deal to SMEs to help transform innovation. “We will try to ensure that small and medium-sized businesses and small businesses in the traditional industry are not left out,” said Haengjang Yoon.
Regarding the appointment of a worker recommendation director, which has recently attracted attention, he said, “It will be appointed according to the current legal procedure.” IBK directors are appointed and dismissed by the Financial Services Commission on the recommendation of the bank president. “We plan to invite experts who can contribute to the development of the bank to the Financial Services Commission. We are listening to opinions through various channels including the union,” said Yoon. “We will propose multiple candidates in March.”
Regarding the possibility of privateization of the Discovery Fund, he responded that “the FSS Dispute Mediation Committee procedure is a reasonable solution.” At present, Discovery Investors are arguing that using Supreme Court precedents to compensate for investor losses by means of privateization is not a violation. He said, “The FSS dispute settlement procedure guarantees objectivity,” he said. “I will try to minimize customer damage by faithfully working on the committee.” Discovery Fund dispute settlement will be held on the 23rd.
It is a message that there is currently no plan to convert to a holding company. “Now is the time to focus on supporting small and medium-sized businesses affected by the coronavirus,” said Mr. Yoon.