Regulatory Alerts2024-12-12 | 83600Administrative Guidelines on Green Finance for Application on K-taxonomy
The Financial Services Commission, the Ministry of Environment, and the Financial Supervisory Service established administrative guidelines to standardize green finance based on K-taxonomy criteria. The guidelines define green finance, mandate internal control procedures for financial companies, and allow institutions to certify businesses' eligibility to reduce administrative burdens. Authorities will initially encourage voluntary adoption while planning to align future revisions with the upgraded EU taxonomy.
Share