Ministry of Trade, Industry and Energy Recruits Companies for Eco-Industrial Development Overseas Expansion Support

The Ministry of Trade, Industry and Energy announced on April 29 that it is recruiting companies to participate in the 2025 "Overseas Expansion Support Project for Eco-Industrial Development."

This project is designed to discover and promote successful overseas business models for climate tech companies with outstanding technological capabilities. Eco-industrial development is a concept that encompasses several types of climate tech as defined by the National Carbon Neutrality and Green Growth Commission: ▲ Clean Tech (renewable energy, new energy industries, nuclear power, hydrogen, etc.), ▲ Carbon Tech (CCUS, manufacturing process improvement, electric vehicles, batteries, etc.), and ▲ Eco Tech (resource circulation, upcycling, etc.).

Until last year, the Ministry focused its support on areas linked to "international greenhouse gas reduction." However, starting this year, the structure has been significantly revised to a bottom-up approach that supports "various overseas business models" of climate tech companies.

The application period runs from April 30 to May 26. Selected companies will receive approximately 200 million won to implement their overseas business success models. In addition, business reports prepared by the beneficiary companies will be used as references for other companies seeking to expand overseas in the future.

Detailed information about the project announcement can be found on the Ministry's website and the Korea Energy Agency.

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