Business
LG Innotek Acquires Large-scale Funding from IFC "Proof of World-leading ESG Management"
LG Innotek (CEO Moon Hyuksoo) announced on 24th September the successful acquisition of large-scale funding from the International Finance Corporation (IFC) in recognition of its outstanding performance in ESG (environmental, social, and governance) management.
About this update from Lg Innotek Co., Ltd
[{"type":"list","items":[{"val":[{"type":"text","content":"Successful funding of USD 200 million, to be utilized for expansion of production facility in Vietnam","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Spotlighting of outstanding ESG management metrics' recognition by global institution with stringent standards ","length":114,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":215,"olType":false},{"type":"text","content":"SEOUL, South Korea, Sept. 24, 2025 /PRNewswire/ -- LG Innotek (CEO Moon Hyuksoo) announced on 24th September the successful acquisition of large-scale funding from the International Finance Corporation (IFC) in recognition of its outstanding performance in ESG (environmental, social, and governance) management.","length":317,"tagName":"p"},{"type":"text","content":"The IFC, a member of the World Bank Group, is an international financial institution that supports private sector investment.","length":125,"tagName":"p"},{"type":"text","content":"LG Innotek applied for the IFC's Sustainability-Linked Loan (SLL) last year to invest in the expansion of its production facility in Hai Phong, Vietnam, becoming the first Korean company to secure a total of USD 200 million. The loan has a maturity of eight years.","length":268,"tagName":"p"},{"type":"text","content":"Introduced in 2017, the SLL is an international financial mechanism designed to promote ESG management among global companies. Companies with higher ESG performance and compliance metrics benefit from greater interest rate reductions.","length":234,"tagName":"p"},{"type":"text","content":"Most importantly, unlike the Green Loan, which requires the funds to be applied only to ESG-specific projects, the SLL can be used for various purposes. This is the reason for the rigorous approval process and strictly regulated loan execution management and supervision. Throughout the term of the loan, the company must meet ESG management targets agreed upon in advance with the bank to continue to benefit from the low interest rate.","length":437,"tagName":"p"},{"type":"text","content":"An LG Innotek official said, "LG Innotek's satisfying the rigorous standards of a reputable international organization to successfully secure SLL funding once again demonstrates its unrivaled ESG management capacity worldwide."","length":241,"tagName":"...