The South Korean government will provide $205 million (297 billion won) in new loans through a newly launched project to support 16 new corporate projects investing in facilities and R&D aimed at reducing carbon emissions, the industries ministry announcedThursday. The loan program was designed to encourage companies that proactively invest in carbon neutrality by offering long-term, low-interest financing. This follows the first round of selections earlier this year, which supported nine projects. The ministry explained that the newly selected companies plan to invest a total of $666 million (963 billion won) across various carbon-neutral fields, focusing on industrial sectors