NH Investment & Securities controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Environmental groups criticize NH Investment & Securities over coal-plant financing
Public backlash
In June 2021, the environmental group Korea Beyond Coal criticized NH Investment & Securities for refusing to withdraw from a plan to issue corporate bonds to finance construction of the Samcheok Blue Power coal plant. According to the criticism, the plan disregarded an anti-coal pledge made by the firm's holding company, NH Financial Group. The dispute centered on the securities firm's continued involvement in the bond issuance despite the group-level commitment to move away from coal financing.
Source excerpt
The coalition, Korea Beyond Coal, held a press conference in front of NH Investment & Securities' headquarters in Yeouido, Wednesday, criticizing the firm's plan to issue corporate bonds to finance up to 800 billion won ($706 million) in construction costs.
A coalition of environmental advocacy groups is blasting NH Investment & Securities for refusing to withdraw from a financing plan to build Samcheok Blue Power, a coal-powered plant whose construction has been suspended for eight months due to a failure to meet related requirements following an environmental impact assessment.
This according to the environmentalists is a “flagrant disregard” of the anti-coal initiative pledged by the securities firm's holding company, NH Financial Group, in February.