| KEXIM, Daewoo E&C and JRPM, PSPD, KTNC WATCH | |
|---|---|
| Lead NCP | Korea, Republic of (South) |
| Supporting NCP(s) | |
| Description | Specific instance alleging a non-observance of the Guidelines by Export-Import Bank of Korea (KEXIM) and Daewoo Engineering and Construction Co., Ltd. |
| Theme(s) | General policies, Human rights, Environment |
| Date | 24 Oct 2018 |
| Host country(ies) | Korea |
| Source | NGO |
| Industry sector | Financial and insurance activities, Construction |
| Status | Not accepted |
| Summary | Read the final statement issued by the Korean NCP – 18 January 2019 On 24 October, 2018, the Jalaur River for the People’s Movement, the People's Solidarity for Participatory Democracy and the Korean Transnational Corporations Watch submitted a specific instance to the Korean NCP alleging that the Export-Import Bank of Korea (KEXIM) and Daewoo Engineering and Construction Co., Ltd did not observe the Guidelines with regards to the Jalaur River MultiPurpose Project in the Philippines. The submitters alleged that the respondents were aware of the violations of the indigenous people’s human rights as a result of the project. More specifically, the submitters asserted that the Philippine government did not mitigate the risks of a potential earthquake and an involuntary resettlement plan. Additionally, the government allegedly did not provide adequate compensation for lost farmland and cemeteries and violated the Free, Prior and Informed Consent process. On 18 January 2019, the Korean NCP undertook an initial assessment in which it concluded the specific instance does not merit further examination as the project was developed by the Philippine government. Additionally the Korean NCP concluded that a further examination of the specific instance would not contribute to the purposes and effectiveness of the Guidelines. #riskmanagementsystem #indigenousrights #infrastructure #exportcreditagency |
