South Korea is rolling out a new round of financial aid, valued at around $58 million USD to assist businesses in reducing carbon emissions. Announced by the Ministry of Trade, Industry, and Energy, the funding will be disbursed through low-interest loans, aimed at supporting the country’s carbon neutrality goals by helping local enterprises invest in emission-reduction technologies and related R&D efforts.

This initiative builds on two previous funding rounds completed earlier in the year, through which the South Korean government provided a total of $179 million USD in support. The loans feature favorable rates of 1.43% for small and medium-sized enterprises (SMEs) and 1.93% for larger corporations, making it easier for companies to undertake the necessary upgrades in facilities and operational methods. These measures are designed not only to drive domestic progress on carbon neutrality but also to help businesses comply with incoming international regulations, particularly the European Union’s Carbon Border Adjustment Mechanism (CBAM), which imposes carbon-linked tariffs on certain imports starting in 2026.

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