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Samsung, banks launch USD1.5bn ESG fund for SMEs



Samsung Electronics and the nation’s top five banks have created a KRW2tr (USD1.5bn) fund to support small and medium-sized businesses (SMEs) struggling to meet stricter carbon regulations. Launched with the Financial Supervisory Service, the fund offers low-interest loans for SMEs investing in low-emission technologies. Samsung Electronics and Samsung Display will contribute KRW100m, while the five banks will each add KRW20m. The fund, available starting next month, aims to provide interest-free loans up to KRW2bn over three years. This initiative is part of Samsung’s broader ESG strategy to help SMEs transition to sustainable practices, reducing annual carbon emissions by 850,000 tons. The financial watchdog will oversee the process.

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