Kibo Supports KRW 1.5 Trillion for Carbon Value Assessment Guarantee... Leading Carbon Neutrality Achievement

As a Green SME and Venture Business Financial Support Specialist Institution
Providing Over 500 Billion KRW Annually

The Korea Technology Finance Corporation (Kibo) announced on the 4th that the cumulative new supply amount of the Carbon Value Evaluation Guarantee, introduced in May 2022 to drive carbon neutrality and green growth for small and medium-sized venture enterprises, has reached 1.5 trillion KRW.

The Carbon Value Evaluation Guarantee is a guarantee product funded by the Climate Response Fund, which applies the 'Carbon Value Evaluation Model' to convert greenhouse gas reduction effects into monetary value and additionally reflect this in the guarantee support amount.

The support targets are companies that have achieved or are expected to achieve greenhouse gas reduction results internally or externally. Guarantee users can receive preferential benefits according to the type of carbon value evaluation, such as ▲increased guarantee ratio (up to 95%) ▲reduced guarantee fees (up to 0.4 percentage points↓), and additional guarantee fee discounts when using designated banks under agreement.

Kibo, designated by the government as a 'Green SME and Venture Business Financial Support Specialized Institution,' has supplied more than 500 billion KRW in guarantees annually since the implementation of the Carbon Value Evaluation Guarantee. This year, it has set a target of 600 billion KRW, a 20% increase compared to the previous year.

Kim Jong-ho, Kibo’s Chairman, stated, “Kibo is expanding support policies to alleviate financial difficulties of SMEs struggling with carbon neutrality response and to promote low-carbon innovation,” adding, “Going forward, Kibo will continue to play a pivotal role in linking specialized technology evaluation capabilities with green finance to support small and medium-sized venture enterprises in practicing carbon management and achieving carbon neutrality by 2050.”