150 Billion Won in Support for Climate-Tech Companies… Korea Technology Finance Corporation, Busan Metropolitan City, and BNK Financial Group Join Forces
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Korea Technology Finance Corporation, Busan Metropolitan City, and BNK Financial Group announced that they will provide 150 billion won in financial support to assist climate-tech companies. Climate tech refers to technologies that reduce greenhouse gas emissions or help respond to climate change. As the goal of carbon neutrality has recently been emphasized, interest in technology development and investment in this field has been growing.
This support will be carried out with the three institutions participating together. The Korea Technology Finance Corporation is an institution that provides guarantees so that companies with technological capabilities but insufficient collateral can borrow funds. Busan Metropolitan City and BNK Financial Group will jointly participate in financial support to help the growth of local companies.
Through this cooperation, small and medium-sized enterprises and venture companies in the climate-tech sector are expected to secure the funds needed for research and development and business expansion. In particular, since companies in the Busan region may benefit, it is expected to also contribute to the local economy.
Detailed information, including eligibility criteria and specific application procedures, can be checked through announcements from each institution. Attention is focused on how climate-tech companies will make use of this support.
Sources: 벤처스퀘어
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