The Bank of Korea (BOK) has started searching for a doctoral researcher who will be measuring the entity's exposure to climate-related risks.
The duties include analyzing the impact of climate-related risks on its assets, debts, soundness, and resilience.
The search comes at a time when South Korea's financial authorities and companies are seeking to avoid a climate-related systematic financial crisis.
According to a Shinhan Financial Group official, with climate change having a larger impact on the macro-economy and the financial system, it's necessary to climate change risk and to invest in sustainable infrastructure such as the renewable energy industry.
In December, Shinhan Financial Group became the first Korean financial firm to declare principles to counteract climate change and comply with the Paris Agreement to limit global average temperature to well below 2 degrees Celsius.
Shinhan aims to cut the greenhouse gas emission by 20 percent via a 20 trillion won investment in the eco-friendly industry while issuing issued green and sustainability bonds worth $500 million.
KB Financial Group also reinforced the management regarding environmental, social, and governance (ESG) factors in December.
The International Monetary Fund (IMF) has been raising awareness on the financial sector's role in climate change.
In October, the IMF conducted a panel discussion under the theme, "Can central banks fight climate change?"


Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says
Trump Administration to Launch Voluntary AI Standards for Frontier Models
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 



