NH Agricultural Cooperative Bank and Technology Guarantee Fund Strengthen Collaboration to Support Green Enterprise Finance

The Technology Guarantee Fund and NH Nonghyup Bank have established a collaborative system that connects green business assessment with financial support, laying the foundation for more systematic funding provision for companies undergoing environmental transformation.

On April 27, 2026, at the NH Nonghyup Bank headquarters in Seoul’s Central District, the Technology Guarantee Fund signed a “Business Agreement on Conducting Evaluation Projects Based on the Green Classification System to Cultivate and Support Green Enterprises” with NH Nonghyup Bank. This agreement aims to align with the government’s ongoing carbon neutrality policies and the activation of green finance, using clearer standards to identify environmentally friendly economic activities and expand corresponding financial support.

Its core is the formal application of Korea’s green classification system, “K-Taxonomy,” to the financial sector. K-Taxonomy is a standard for determining which industries and commercial activities genuinely contribute to environmental improvement; in short, it is a universal benchmark for screening “truly green projects.” Previously, the financial sector regarded how to objectively distinguish and support green enterprises as an important issue, and the significance of this agreement lies in applying these standards directly to loan and support review processes.

According to the agreement, NH Nonghyup Bank will commission the Technology Guarantee Fund to evaluate companies receiving green financial support, with the Fund reviewing whether they meet K-Taxonomy standards and providing assessment reports. Based on these results, NH Nonghyup Bank plans to use the evaluations for green loans and transition finance support. Green loans refer to financial services providing funds for environmentally friendly projects, while transition finance supports companies with higher greenhouse gas emissions that are committed to shifting toward a low-carbon structure.

This cooperation goes beyond mere inter-agency collaboration. Notably, it combines the evaluation capabilities of policy financial institutions with the funding functions of commercial banks. For companies, if their environmentally friendly activities are recognized by official standards, their access to finance will improve; for banks, it enhances the reliability and transparency of green finance. This trend is expected to shift future support for green industries from project-specific approaches to standardized assessment and financial linkage systems, ultimately developing into a financial infrastructure that supports the transition of the carbon-neutral industry.