San Un "Approximately 700 Billion KRW Supported for Eco-Friendly SMEs in the Last 2 Years"

12.3 Trillion KRW Supplied to SMEs and Mid-sized Companies in the Past 2 Years
Approximately 700 Billion KRW Supported for Eco-friendly New Industry Companies

[Asia Economy Reporter Park Sun-mi] Industrial Bank of Korea (IBK) announced that it is steadily providing customized financial support to companies engaged in eco-friendly industries in line with the government’s policy to promote the transition to a green economy.

According to IBK on the 15th, through active utilization of government policy programs (industrial structure advancement, environment and safety investment, equipment investment boom-up program), a total of 12.3 trillion KRW has been provided to small and medium-sized enterprises (SMEs) and mid-sized companies over the past two years. This amount exceeds the initially planned 11.5 trillion KRW. Among this, 698.5 billion KRW was supported to 54 SMEs and mid-sized companies engaged in eco-friendly industries.

For example, Eco Creation, a company specializing in the production of waste plastic pyrolysis facilities, received 14 billion KRW in funding for factory construction. Additionally, 15 billion KRW in facility funds was provided for the construction of a production plant of BGFEcoBio, a manufacturer of eco-friendly packaging containers.

An IBK official explained, "To actively support eco-friendly companies, we utilize an innovative industry evaluation system during credit screening to help promising SMEs and mid-sized companies with innovative technologies execute timely equipment investments." He added, "Going forward, as a leading institution for the green transition of our economy, we will actively support promising SMEs and mid-sized companies engaged in eco-friendly industries to stably establish essential infrastructure for the Green New Deal."

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