Jungjinkong Strengthens Carbon Neutrality Efforts... Promotes Innovation Vouchers and Smart Factories

Kim Hak-do, President of Jungjin Gong, Holds 1st Anniversary Meeting
Supports Promising Companies with 20 Billion KRW... Incentives for Reducing Carbon Emissions
Newly Launches Silicon Valley-style 'Investment-Conditional Loan Method'

[Asia Economy Reporter Kim Bo-kyung] Kim Hak-do, President of the Small and Medium Business Corporation, announced on the 20th that he will promote the transition to low-carbon management for small and medium ventures, including carbon-neutral smart factories.

On the occasion of his first anniversary in office, at a press conference held in Mok-dong, Seoul, Kim said, "To facilitate the ESG (Environment, Social, Governance) management transition of small and medium ventures and create a carbon-neutral ecosystem, we will additionally set 'eco-friendly and green innovation' as a direction for management innovation."

SMBs and Ventures Promote Eco-friendly and Low-carbon Management Transition

First, through the Carbon Neutrality Level Diagnosis (Green Doctor), support will be provided to promote the transition to low-carbon management, from analyzing carbon emissions to establishing low-carbon strategies and linking policy projects.

A new 'Carbon Neutral Management Innovation Voucher' will be introduced. Consulting, technology, and marketing services suitable for company characteristics and support types will be provided as a package.

Carbon-neutral smart factories will also be expanded. To achieve synergy between productivity improvement and energy savings, support will be provided for simultaneous establishment of production informatization and carbon-neutral infrastructure.

Additionally, high carbon-emitting industrial complexes will be transformed into green innovation complexes. Demonstration tests are currently underway targeting companies in the Goryeong casting complex.

Kim said, "We expect significant carbon emission reduction effects in the root industry complexes, and based on these results, excellent cases will be expanded nationwide."

A fund of 20 billion KRW for supporting promising Net-Zero companies has been allocated to supply equipment investment and operating funds for implementing low-carbon management transition. In particular, 10 billion KRW out of the 20 billion KRW will be linked to companies approved for the carbon-neutral voucher.

Companies that reduce carbon emissions by more than 10% after receiving policy funds will be provided with incentives such as preferential interest rates.

In addition, ▲ cooperation between industry and academia for green industry professionals will be strengthened, ▲ a win-win cooperative mutual aid project will be promoted for companies pursuing carbon reduction, and ▲ global commercialization will be supported through technology exchange and export vouchers.

Expansion of Financial Support... Training of New Technology Personnel

Kim expressed his intention to newly promote the 'investment condition-based loan method,' a Silicon Valley-style complex financial system.

The Small and Medium Business Corporation will provide low-interest loans to companies that have attracted private venture capital investment, and those companies will repay the loans with subsequent investment funds.

Kim predicted, "By expanding funding supply to excellent ventures and startups that private investors have pre-invested in, rapid scale-up will be possible."

He also announced that as part of a new project, a future-oriented convergence industrial complex will be created, and core personnel in new technology fields such as system semiconductors and future vehicles will be trained.

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