Korea Development Bank (2025)
| Signing Date | 02 Jan 2017 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2025 |
| Institutional Reporting: | Link to Report - Link to Additional Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 9
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | |
| Power | 6 |
| Others | 3 |
| Sub-Total | 9 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | |
| Asia Pacific | 9 |
| Sub-Total | 9 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 27
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 3 | 6 | |
| Oil & Gas | 1 | ||
| Power | 1 | 10 | 2 |
| Others | 4 | ||
| Region | |||
| Americas | 3 | 8 | 1 |
| Europe, Middle East & Africa | 2 | 2 | 1 |
| Asia Pacific | 10 | ||
| Country Designation | |||
| Designated Country 4 | 4 | 20 | 2 |
| Non Designated Country | 1 | ||
| Both | |||
| Independent Review | |||
| Yes | 3 | 10 | 1 |
| No | 2 | 10 | 1 |
| Totals | 5 | 20 | 2 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
Total number that reached Financial Close in the reporting period: 2
| Sector | |
|---|---|
| Mining | |
| Infrastructure | 1 |
| Oil & Gas | |
| Power | |
| Others | 1 |
| Sub-Total | 2 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | |
| Asia Pacific | 2 |
| Sub-Total | 2 |
| Country Designation | |
|---|---|
| Designated Country | 2 |
| Non Designated Country | |
| Both | |
| Sub-Total | 2 |
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Liverpool Bay CCS Project | Infrastructure | United Kingdom | 2025 |
| 2 | Empire Wind Phase1 Project | Power | United States | 2025 |
| 3 | Yeongdeok Onshore Wind Phase1 Project | Power | Korea, Rep. | 2025 |
| 4 | Santa Teresa Solar Plant & BESS Project | Power | United States | 2025 |
| 5 | Canada Advance Tunnel for the Yonge North Subway Extension PPP Project | Infrastructure | Canada | 2025 |
| 6 | Desert Quartzite Solar Plant & BESS Project | Power | United States | 2025 |
| 7 | Catclaw Solar Plant & BESS Project | Power | United States | 2025 |
| 8 | Gayang Ex-CJ Mill office-complex Project | Others | Korea, Rep. | 2025 |
| 9 | Alle-Catt 342MW Wind Project | Power | United States | 2025 |
| 10 | Northern Endurance Partnership CCUS Project | Infrastructure | United Kingdom | 2025 |
| 11 | Redevelopment Project for Donuimun District 2 | Others | Korea, Rep. | 2025 |
| 12 | Yangdong 4-2·7 District Redevelopment Project | Others | Korea, Rep. | 2025 |
| 13 | Gwangmyeong Expressway Project | Infrastructure | Korea, Rep. | 2025 |
| 14 | Central West Orana – Renewable Energy Zone Project | Power | Australia | 2025 |
| 15 | Samcheok Dogye Onshore Wind Project | Power | Korea, Rep. | 2025 |
| 16 | Qurayyah 3,010 CCGT Project | Power | Saudi Arabia | 2025 |
| 17 | Pyeongtaek-Dangjin Port 2-1stage 2nd class Port-backyard Construction Project | Infrastructure | Korea, Rep. | 2025 |
| 18 | Segyo 1 Section Housing Reconstruction Maintenance Business Combination | Others | Korea, Rep. | 2025 |
| 19 | Euljiro 3-ga New Town Project | Others | Korea, Rep. | 2025 |
| 20 | Project Magnus | Power | Germany | 2025 |
| 21 | Rio Grande LNG Train 4 Project | Infrastructure | United States | 2025 |
| 22 | Daejang–Hongdae Metropolitan Railway PPP Project | Infrastructure | Korea, Rep. | 2025 |
| 23 | A12/A15 Ressen – Oudbroeken (ViA15) PPP Project | Infrastructure | Netherlands | 2025 |
| 24 | Dolet Hills 240MW Solar Plant Project | Power | United States | 2025 |
| 25 | Chuncheon Wastewater Treatment Facility Relocation and Advancement PPP Project(BTO-a) | Infrastructure | Korea, Rep. | 2025 |
| 26 | Beehive BESS Project | Power | United States | 2025 |
| 27 | Freshwater Solar Project / Freshwater Solar Ⅱ Project | Power | United States | 2025 |
| 28 | Rio Grande LNG Train 5 Project | Infrastructure | United States | 2025 |
| 29 | Venture Global CP2 Phase 1 Project | Oil & Gas | United States | 2025 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 17
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 2 | ||
| Oil & Gas | |||
| Power | 2 | ||
| Others | 10 | 3 | |
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | 12 | 3 | |
| Country Designation | |||
| Designated Country 4 | 14 | 2 | |
| Non Designated Country | 1 | ||
| Both | |||
| Independent Review | |||
| Yes | 1 | ||
| No | 13 | 3 | |
| Totals | 14 | 3 | |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 17
Under EP4, project name reporting is encouraged for Project-Related Corporate Loans that have reached Financial Close and required for Project Finance transactions that have reached Financial Close.
EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Implementation of the Equator Principles
Korea Development Bank´s EP implementation reporting is provided at: https://www.kdb.co.kr/index.jsp , under ´Data & Implementation Reporting´.
As a full signatory to the Equator Principles (the “EPs”), Korea Development Bank (“KDB” or the “bank”) fulfilled its obligation to conduct an independent review to assess whether environmental and social (“E&S”) risk management has been sufficiently embedded across the organization and its work processes in accordance with the EPs. Conducted for the first time this year, the independent review was carried out by an internal organization unit operating independently from the department responsible for overseeing the bank’s E&S risk management, as well as from the units responsible for client relationship management and credit review functions. The scope of the review covered KDB’s overall EP implementation framework, including the bank’s internal policies, procedures, and guidelines related to the EPs, as well as transactions subject to the EP criteria. The independent review concluded that the bank’s EP implementation framework was broadly adequate, with no transactions identified as being non-compliant with the EPs. In accordance with the EPs, the next independent review of KDB’s EP implementation framework will be conducted in three years.