Jungjingong Issues First Green Bond Worth 100 Billion KRW... Accelerating Support for SMEs' Carbon Neutrality
Introduction of Smart Factory Equipment, Commercialization of Green Technology
Support for Low-Carbon and Eco-Friendly Management Transition
[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Lee Young) and the Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 18th that they have issued green bonds worth 100 billion KRW to support carbon neutrality for small and medium-sized enterprises (SMEs) and startups.
The funds raised through this bond issuance will be invested in policy fund loan projects to support the introduction of smart factory equipment, commercialization of green technologies, and facility funding for low-carbon and eco-friendly manufacturing companies. SBC will also link its self-developed carbon neutrality level diagnosis to assess each company's carbon neutrality status and support the establishment of improvement strategies.
Since issuing its first social bond in 2019, SBC's cumulative issuance of ESG bonds has reached 18.7 trillion KRW to date. The procured funds have been used as policy fund resources for job creation and support for social economy enterprises.
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Kim Hak-do, Chairman of SBC, stated, "Despite the challenging domestic and international conditions due to recent global monetary tightening and interest rate hikes, we have issued our first green bond as a catalyst to support carbon neutrality for SMEs and startups. We will gradually expand green finance and fulfill our social responsibilities as a public institution."
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