iM Bank (CEO Byung-woo Hwang) signed a ‘Korean Green Classification System Conformity Assessment Support Agreement’ with Korea Credit Guarantee Fund (Chairman Won-mok Choi) on the 13th. This agreement is designed to help companies engaged in eco-friendly economic activities receive smooth financial support, with the aim of promoting the expansion of green finance.
According to the agreement, when small and medium-sized enterprises operating eco-friendly businesses apply for a guarantee from Korea Credit Guarantee Fund, KODIT will issue a ‘Green Loan Certificate’ along with the guarantee. Based on this, iM Bank will provide loans with preferential interest rates using the guarantee as collateral.
Eligible companies include △renewable energy generation companies that have achieved or are expected to achieve greenhouse gas reduction △renewable energy industry companies △self-reduction companies △external reduction companies. They can receive financial support after passing KODIT’s guarantee review and Korean Green Classification System conformity assessment.
Through this agreement, iM Bank plans to collaborate with KODIT to expand financial support for eco-friendly economic activities and take the lead in responding to the climate crisis. iM Bank CEO Byung-woo Hwang stated, “We will strengthen green finance support through collaboration with various relevant institutions and actively practice ESG management to fulfill our corporate social responsibility.”
This agreement is expected to further vitalize green finance and significantly improve financial accessibility for eco-friendly small and medium-sized enterprises.