BOK, FSC underperform in green initiatives despite economic capacity

The Bank of Korea (BOK) and Financial Services Commission (FSC) are facing criticism for lagging behind in green finance initiatives, despite Korea's economic clout and significant historical contribution to climate change, a report showed Thursday. In its latest report, Positive Money, a London-based nonprofit, ranked Korea eighth among the 13 ASEAN Plus Three economies in its Green Central Banking Scorecard. The report evaluated how central banks and regulators incorporate environmental objectives into monetary and financial policies. Korea scored just 24 out of a possible 130 points. The evaluation encompassed four categories: research and advocacy (10 points), monetary policy (50), financial policy (50) and leading by example (20). Korea received 5, 13, 3 and 3 points, respectively. China, Malaysia, Singapore, Indonesia, the Philippines, Japan and Thailand — in that order — ranked ahead of Korea. The report said weaker performances from countries like Vietnam, Cambodia, Laos, Brunei and Myanmar reflected limited capacity and resources, while calling Korea's showing "underwhelmingWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times