BOK's collateral policy criticized for favoring high-carbon assets

The Bank of Korea's collateral policy has been criticized for giving preferential treatment to high-carbon assets, such as those related to fossil fuels, over green bonds. This means that banks and other financial institutions may be more likely to invest in companies that contribute to climate change, rather than those that promote sustainable energy. The criticism suggests that this policy could be inadvertently supporting industries that have a negative impact on the environment. This has significant implications for the economy, as it could hinder the transition to cleaner energy sources…

Read the source report: The Korea Times