South Korea’s ESG Bond Sales Grow 12.2% in 2024South Korea’s ESG Bond Sales Grow 12.2% in 2024

Post by : Bianca Suleiman

In 2024, the Republic of Korea saw a big rise in the sale of ESG bonds. ESG stands for Environment, Social, and Governance. These bonds help support projects that are good for the planet, people, and fair business practices.

According to a report, South Korea sold 47.2 trillion won worth of ESG bonds last year. That’s about 34.3 billion U.S. dollars. This is 12.2% more than the amount sold the year before.

The report said the main reason for this growth is the strong support from the Korean government. The government created special financial plans to help promote green and eco-friendly projects. These plans encouraged more companies to raise money through ESG bonds.

ESG bonds are a special kind of loan or debt that companies use to collect money. But instead of spending it on any project, they promise to use the money only for helpful and sustainable activities. These can include clean energy, recycling, or helping communities.

This growth in ESG bonds shows that South Korea is working hard to protect the environment and build a better future with the help of smart financial tools.