Energy Corporation and NongHyup Bank Sign Support Agreement for K-RE100 Participating Companies

[Sejong=Asia Economy Reporter Kwon Haeyoung] The Korea Energy Agency signed a memorandum of understanding (MOU) on the 18th with NH Nonghyup Bank to provide preferential interest rates and financial support measures for K-RE100 participating companies, aiming to activate the system.

Under this agreement, K-RE100 participating companies can receive up to a 0.3 percentage point interest rate discount through the ‘NH Eco-friendly Company Preferential Loan’ launched by Nonghyup Bank. In particular, the higher the proportion of renewable energy usage, the more the preferential interest rate can be increased, which is expected to contribute to the transition to renewable energy use by K-RE100 participating companies.

The Energy Agency will also collaborate with Nonghyup Bank to carry out various activities, including preparing customized financial support measures based on feedback from K-RE100 participating companies.

Kim Changseop, Director of the Agency, stated, "Through this agreement, we support stable funding for K-RE100 participating companies and expect to accelerate the transition to renewable energy for carbon neutrality and create related jobs." He added, "We will contribute to fostering a low-carbon industrial ecosystem."