Sandan Gong Starts Loan Support Project for Carbon Neutrality

Support Starting from 1.3% Lowest Interest Rate for 150 Billion Won Scale This Year

[Asia Economy Reporter Kim Cheol-hyun] The '2022 Carbon Neutral Transition Leading Project Loan Support Program' aimed at achieving carbon neutrality in the industrial sector will be promoted. The Korea Industrial Complex Corporation (Chairman Kim Jeong-hwan) announced on the 28th that it will accept applications for long-term, low-interest loans from companies wishing to invest in facilities, technology, products·and process development for carbon neutrality.

Starting with support of 150 billion KRW this year, a budget of 1.7 trillion KRW will be provided over the next five years, with ▲up to 50 billion KRW per business site ▲a loan period of up to 10 years (3 years grace period, 7 years installment repayment) ▲and a minimum loan interest rate of 1.3% expected to be applied. The support targets are small, medium, and large enterprises planning facility and research & development (R&D) investment projects to reduce greenhouse gas emissions.

This loan support program can be applied for through the Korea Industrial Complex Corporation website until the end of next month, and detailed information can be found on the websites of the Ministry of Trade, Industry and Energy, Korea Industrial Complex Corporation, and Korea Institute of Industrial Technology. The Korea Industrial Complex Corporation plans to hold a project briefing session in May to promote the loan support program and guide applications.

Kim Jeong-hwan, Chairman of the Korea Industrial Complex Corporation, said, "Policy support is necessary for the development and commercialization of core technologies required to achieve carbon neutrality," adding, "We hope this project will help companies not only respond to global environmental regulations but also strengthen their future technological capabilities."

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