Minister Cho Myung-rae: "Job Creation through Green Industry"... 370 Billion KRW Support for SMEs This Year

Visit to Promising Green Industry Material Companies
"Must Actively Invest in Future Food Sources"

[Image source=Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] On the 4th, Minister of Environment Cho Myung-rae visited Enbionia, a leading company in the localization of green industry materials, and expressed his commitment to creating green jobs.

Enbionia is a promising green industry materials company producing air filters and water treatment filters, and is the only domestic company to have succeeded in developing and mass-producing composite materials through a wet process. Over the past four years, its workforce has doubled, and it has also succeeded in listing on the KOSDAQ.

Such core technologies for green industry materials and components can be applied across various fields, resulting in significant industrial ripple effects and job creation.

The Ministry of Environment plans to focus on fostering green industries such as clean air industry, smart water industry, and climate and energy industry this year, aiming not only to solve climate and environmental issues but also to create new growth engines.

In particular, through financial investment in fine dust reduction, tap water safety, and environmental issues, the ministry will focus on nurturing green industry materials, components, and equipment (SoBuJang) companies producing high-performance filters, high-efficiency dust collection equipment, and sensors for water quality, quantity, and pressure detection.

A total budget of approximately 369.3 billion KRW will be provided this year to green industry SMEs for research and development (R&D) support for core technology development and demonstration, commercialization support for SMEs, and prototype production support.

In addition to financial support, benefits such as public procurement advantages through designation of excellent innovative products and green finance benefits including investment and loans through private and policy financial institutions will be expanded.

Minister Cho Myung-rae stated, "In times when the global economy is struggling and corporate activities are shrinking due to the COVID-19 crisis, it is essential to actively invest in future growth engines," adding, "We will focus on nurturing green industry SoBuJang companies to contribute to job creation."

This content was produced with the assistance of AI translation services.