Gov't offers subsidies to shield small businesses from global climate rules

Korea on Monday began accepting applications from small businesses for a new supply chain-focused carbon reduction program, offering funding and equipment support as global climate regulations tighten. The Ministry of SMEs and Startups said companies can apply for the “carbon neutrality facility investment support” program until May 6. A total of 30 firms will be selected. The program offers up to 300 million won ($201,000) in combined support for consulting, market research and the installation of equipment tailored to reduce carbon emissions. Eligible investments include energy-saving systems, emissions monitoring equipment, process optimization technologies using artificial intelligence and renewable energy facilities, such as solar and biogas. Unlike earlier tracks that closed in February, the new “supply chain track” focuses on small firms linked to larger parent companies or primary contractors, reflecting growing pressure across global supply chains to cut emissions. Under the program, applications must be submitted jointly by a lead company and its small business partner.

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