Preferential Financial Support Including Interest Rates and Loan Limits
Support for Feasibility Studies... Contributing to Carbon Reduction by Establishing Foundations for New Business Discovery and Commercialization
On the 17th, the Export-Import Bank of Korea announced that it will expand loan limits across all sectors related to the hydrogen value chain?from production, storage, transportation to utilization?and implement preferential interest rates and fee policies to support the country's leap to becoming a leading clean hydrogen nation.
The bank plans to secure the global industrial competitiveness of Korean companies and contribute to global carbon reduction by providing competitive financial support, including increasing loan limits in the hydrogen sector by up to 10 percentage points (P) and offering differentiated interest rates and fee discounts based on company size.
Additionally, to establish a hydrogen industry ecosystem, support for business discovery will be strengthened from the early stages of projects. When selecting projects eligible for feasibility study support, the bank will award additional points to hydrogen-related projects to assist in early business development and securing potential project groups. Feasibility study support is a system that subsidizes the cost of feasibility review services for overseas projects pursued by the bank’s client companies.
An official from the bank stated, “For the hydrogen industry to grow into a future eco-friendly energy sector, bold private investment along with policy support is essential,” adding, “We plan to establish and actively provide financial support tailored to the financial needs of Korean companies so that Korea can become a leading nation in the clean hydrogen field.”
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