New Release: Preferential Carbon Neutrality Guarantee Support for Promising Hydrogen Specialized Companies

Business Agreement with Hydrogen Fusion Alliance

[Asia Economy Reporter Jin-ho Kim] The Korea Credit Guarantee Fund (KODIT) announced on the 16th that it signed a "Business Agreement for Fostering Hydrogen Specialized Companies and Revitalizing the Hydrogen Economy" with the Hydrogen Convergence Alliance. The Hydrogen Convergence Alliance is the dedicated institution for promoting the hydrogen industry under the Act on the Promotion of the Hydrogen Economy and Hydrogen Safety Management.

This agreement was established to strengthen financial support for promising hydrogen specialized companies and contribute to the spread of low-carbon hydrogen energy. Promising hydrogen specialized companies will be identified and recommended to KODIT, which plans to provide preferential guarantees such as the "Carbon Neutrality Specialized Guarantee" to the recommended companies.

Additionally, both parties agreed to cooperate on various non-financial support tasks in the future, including technical consulting for hydrogen specialized companies.

In May, KODIT introduced the "Carbon Neutrality Specialized Guarantee" and supports companies operating in the renewable energy sector with up to 10 billion KRW for small and medium enterprises and up to 20 billion KRW for mid-sized companies. The guarantee ratio (95%) and guarantee fee rate (0.2 percentage points discount) are preferentially applied to help target companies secure smooth funding and reduce financial costs.

A KODIT official stated, "Revitalizing the hydrogen economy is an essential task to achieve carbon neutrality by 2050," and added, "Through this agreement, we will actively discover and generously support promising hydrogen specialized companies that will lead the hydrogen economy."

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