·Taxonomy-based lending, AI screening aim to verify environmental impact Woori Bank CEO Jung Jin-wan (Woori Bank) For Korean banks, green finance is becoming less about branding money as ESG and more about proving where that money goes.
·That shift is being driven by the Korean green taxonomy, also known locally as K-Taxonomy.
·The framework defines which activities can be considered environmentally sustainable and puts stricter standards around green loans and bonds.
·Woori Bank is moving ahead with loans and bonds screened against the taxonomy rather than broader ESG standards.
·The lender said it has provided 1.08 trillion won ($714 million) in taxonomy-based green loans as of May 21, about five months after it began actively expanding the program.
