HHI secures $388 million green loan

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By Naida Hakirevic South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks.

On 29 May 2020, HHI signed an agreement in Seoul with South Korea state bank KDB; its affiliate KDB Capital; Industrial and Commercial Bank of China’s (ICBC) Seoul branch and HSBC Korea.

Specifically, KDB has provided a sum of ₩350 billion, while HSBC, ICBC and the KDB affiliate have awarded ₩ 130 billion to HHI, Yonhap News Agency reported.

Green loans are used for financing projects that support the shift to a low-carbon

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