New Album, Signing of 'Financial Support Business Agreement' Promoting Carbon Neutrality

Added 'Climate Technology' to Future Growth Evaluation Items
Preferential Guarantee Ratio (95%) and Reduced Guarantee Fee Rate (0.2% Points)

[Asia Economy Reporter Song Seung-seop] The Korea Credit Guarantee Fund announced on the 25th that it has signed a "Business Agreement for the Introduction of the Green Guarantee Project" together with the Korea Energy Agency and the Korea Technology Finance Corporation.

This agreement was led by the Ministry of Trade, Industry and Energy. It was established to build a financial support cooperation system for renewable energy companies in order to innovate the industrial structure toward a low-carbon economy and foster related companies.

Through this agreement, the Credit Guarantee Fund will utilize 25 billion KRW in funding provided by the Ministry of Trade, Industry and Energy to actively discover and support renewable energy companies with excellent carbon emission reduction technologies in cooperation with the Korea Energy Agency. As carbon neutrality has emerged as a new paradigm, climate technology evaluation will be additionally reflected in the existing future growth assessment to improve financial accessibility for renewable energy companies. Preferential treatment will also be given with a guarantee ratio of 95% and a reduction in guarantee fees by 0.2 percentage points.

Yoon Dae-hee, Chairman of the Korea Credit Guarantee Fund, stated, "We expect this agreement to serve as an opportunity for our economy to leap toward a low-carbon economic structure," and added, "The Credit Guarantee Fund plans to actively support the transition to a carbon-neutral society in line with government policies."

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