Indonesian K-pop Fans Boycott Hana Bank Over Coal Financing in Indonesia
STRATEGIC MINERALS
Indonesian K-pop fans are calling for Hana Bank to end loans tied to coal-related industrial projects in Indonesia. Kpop4Planet and 12 fan clubs launched the 'Hana, Bring K-pop, Not Coal' campaign, critical of Hana Bank's $530 million syndicated loan in 2022 to Harita Group for a nickel smelter on Obi Island.
This financing contradicts the bank's climate pledges and contributes to significant environmental damage, with Harita's emissions projected to nearly double by 2028. The campaign emphasizes that the coal plants' expansion offers no benefit to local communities and demands stricter lending standards from Hana Bank.

Feb 8, 2026, 1:24 PM