Korea Gas Corporation (CEO Chae Hee-bong) announced on May 31 that it had signed an ‘Hydrogen Industry Development Fund Operation Agreement’ to foster domestic small and medium-sized enterprises (IBK) at the headquarters of IBK Industrial Bank in Jung-gu, Seoul.
About 10 officials from both companies attended the event, including Lee Seung, vice president of management and management of Gas Corporation and Choi Kwang-jin, vice president of IBK Industrial Bank.
With this agreement, KOGAS will create and operate a ‘hydrogen industry development fund’ worth a total of 150 billion won in a 1:1 matching method with IBK Industrial Bank of Korea to provide low-interest funds to small and medium-sized enterprises in the hydrogen field first, thereby intensively fostering the domestic hydrogen ecosystem. did with
In the future, when small and medium-sized enterprises (SMEs) that develop hydrogen equipment and technology, recommended by Korea Gas Corporation, visit IBK IBK branches across the country, through this fund, up to 2.85%p per year compared to the market interest rate (default 1.45%p, up to 1.4 depending on transaction contribution and credit rating) %p) at a discounted rate, preferential loans are possible.
Since 2015, KOGAS has established a ‘win-win growth fund’ worth a total of 180 billion won with IBK Industrial Bank of Korea and DGB Daegu Bank and has loaned about 2.5 billion won annually to 800 SMEs and small business owners at a lower price than the market interest rate every year. Liquidity support has been provided to help reduce interest costs amounting to KRW.
As the mutual growth fund recently approached maturity, KOGAS has prepared a new hydrogen industry development fund in line with its business strategy by using the cancellation deposit.
A KOGAS official said, “We will continue to actively operate the fund so that SMEs and small business owners can focus on stable management.”
Meanwhile, KOGAS received the ‘Excellent’ grade, up two steps from the previous year, in the ‘2021 Shared Growth Assessment for Public Institutions’ announced by the Ministry of SMEs and Startups on the 20th of last month.
KOGAS is ▲discovering and nurturing Korean-style New Deal start-ups ▲win-win payments for trading SMEs and expanding subcontracting guardians ▲Efforts to localize through technology development cooperation with small and medium-sized businesses ▲Establishment and preferential purchase of online shopping malls for local small business owners ▲Create a win-win growth fund; It was recognized for its achievements in intensively implementing various projects, such as supporting small businesses and small businesses to reduce financial costs through low-interest loans.
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