Kim Ju-hyun, Chairman of the Financial Services Commission, on the 18th stated, "Carbon neutrality is a task that must be successfully completed not only for economic growth but also for the survival of future generations," and promised support for companies responding to the climate crisis.
On the 8th, one day before the launch of the mortgage refinancing service through the mortgage loan transfer intermediary system, an on-site inspection of the refinancing loan infrastructure opening was held at the Financial Settlement Center Bundang Center in Seongnam City. Financial Services Commission Chairman Kim Ju-hyun is speaking. Photo by Heo Young-han younghan@
On the same day, Chairman Kim held an 'On-site Visit and Honam Region Corporate Meeting for Climate Crisis Response Support' at Sungil Hightech Co., Ltd., a small and medium-sized enterprise specializing in secondary battery recycling located in Gunsan, Jeonbuk, saying, "It is no exaggeration to say that the future growth engine of the Republic of Korea depends on how appropriately and swiftly we respond to climate and environmental changes."
The on-site visit and meeting were promoted to listen to the voices from companies striving to achieve carbon neutrality by 2050 and to reflect them in future financial support measures related to climate crisis response.
The meeting was attended by Chairman Kim, representatives from seven Honam region companies related to climate crisis response including Sungwoo Hightech, Kang Seok-hoon, President of the Korea Development Bank, Choi Won-mok, Chairman of the Korea Credit Guarantee Fund, and Kim Sung-tae, President of the Industrial Bank of Korea.
The company representatives attending the meeting cited prolonged high interest rates, rising raw material prices, and difficulties in securing skilled personnel for regional companies as recent management challenges. They also suggested that policy financial support should be expanded for facility replacement to reduce carbon emissions and for facility investment to expand renewable energy projects.
Chairman Kim then stated, "The investment amount required to achieve carbon neutrality, as estimated by the Korea Capital Market Institute, reaches 2,097 trillion won by 2050, making long-term large-scale capital supply essential," and added, "The financial sector will also actively support carbon neutrality."
He also presented the future direction of financial sector support for carbon neutrality, including ▲ expanding facility investment in renewable energy by 2030 through joint fund creation between banks and the government ▲ supporting the growth of renewable energy companies through the Growth Ladder Fund ▲ and considering the expansion of policy financial support to enable companies to promptly introduce low-carbon production facilities.
Meanwhile, the Financial Services Commission plans to work closely with related ministries such as the Ministry of Environment, Ministry of Trade, Industry and Energy, and Ministry of Economy and Finance to faithfully reflect the opinions of companies striving to respond to the climate crisis and prepare support measures.
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