Industrial Bank of Korea (IBK) CEO Yun Yong-ro, second from right, delivers a speech at a meeting with CEOs of green growth companies at Guro Digital Industrial Complex in Seoul, on Sept. 28. / Courtesy of IBK |
The Industrial Bank of Korea (IBK), as a policy lender, has stepped up its efforts to foster green growth industries in a move to support the government's ``low carbon, green growth'' strategy.
The state-run lender allocated one trillion won to green industries this year. In April, it introduced a ``Green Growth Corporate Loan'' for companies engaged in eco-friendly businesses, such as renewable energy.
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