Busan City Recruits Companies for 'Full Financial Support Program for Carbon Reduction Technology Firms'

Recruitment Begins on 22nd via Korea Technology Finance Corporation, Busan SMEs with Carbon Reduction Technology

Nation's First: Up to 500 Million KRW in Operating Funds per Company, Two-Year Interest-Free Loans

Busan City will begin accepting applications from companies wishing to participate in the "Full Support for Financial Costs for Carbon Reduction Technology Companies" project starting from the 22nd.

Busan City Hall.

This project, the first of its kind in the country, was established to provide financial support to carbon reduction technology companies through a business agreement signed on the 2nd between the city, BNK Financial Group, and Korea Technology Finance Corporation.

Each company can receive up to 500 million KRW in operating funds as a loan for two years without any financial costs such as interest. A total of 20 billion KRW will be provided over two years, with 10 billion KRW available each year.

To make this possible, the city will cover the full amount of loan interest, Korea Technology Finance Corporation will fully support technology evaluation and guarantee fees, and BNK Financial Group has launched special low-interest financial products for carbon reduction technology companies.

Small and medium-sized enterprises based in Busan that possess carbon reduction technology and are classified as external reduction companies under the carbon value evaluation guarantee of Korea Technology Finance Corporation are eligible to participate in this support project.

Applications can be submitted through the digital branch or business offices of Korea Technology Finance Corporation.

After receiving a carbon value evaluation from Korea Technology Finance Corporation, loans can be obtained starting in August from Busan Bank and Kyongnam Bank, subsidiaries of BNK Financial Group.

For more details, please refer to the announcements on the city's official website.

Implementation Procedure.

Lee Byungseok, Director of the Environmental Water Policy Office of the city, stated, "This support project, established for the first time nationwide in cooperation with BNK Financial Group and Korea Technology Finance Corporation, is a meaningful initiative to fully cover the financial costs of operating funds, which are most urgently needed by carbon reduction technology companies. We hope for active interest and participation in this project, and the city will continue to do its best to discover and nurture outstanding local carbon reduction technology companies."

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