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Business Financing Program
Crisis Respond Fund
The Crisis Respond Fund was established to support the national shipping companies, consisting of the ESG Support Fund and the Structural Reform Fund.
Features and Benefits
- Through the ESG Support Fund, low-interest Financing can be provided to small and medium-sized national shipping companies for the adoption of eco-friendly vessels and for ESG management.
- Through the Structural Reform Fund, corporate funding can be provided to financially distressed national shipping companies. Structural Reform Fund also provides acquisition financing for M&A involving national shipping companies.
Key Details
| Eligibility | Small and medium-sized national operators engaged in international and coastal cargo transportation | |
|---|---|---|
| Shipping Industry ESG Support Fund | Green Bond Investment Program | Underwriting green bonds issued by national shipping companies to support eco-friendly transition and lower financing costs |
| Sustainable-Linked Bond Investment Program | Underwriting sustainable-linked bonds issued by national shipping companies to support ESG management and lower financing costs | |
| Eco-friendly Vessel Adoption Support Program | Senior financing at the base rate for the introduction of eco-friendly vessels certified grade 3 or higher | |
| 1:1 Equity Matching Program | Junior financing at the base rate for the introduction of eco-friendly vessels certified grade 3or higher | |
| Shipping Industry Structural Innovation | Preemptive Restructuring Support Program | Preemptive Restructuring Support for companies showing signs of financial distress |
| Post-Restructuring Support Program | Providing Restructuring Support for companies undergoing out-of-court restructuring or a court-approved rehabilitation plan | |
| Support for M&A | Financing for domestic companies pursuing M&A of shipping companies | |
| Support for Corporate Governance Improvement | Financing through special agreements for governance improvements aimed at enhancing shareholder value | |