The Hydrogen Fusion Alliance (Chairman Moon Jae-do, hereinafter H2KOREA) and Korean Investment Finance Holdings (Chairman Kim Nam-gu) are moving to activate the hydrogen industry ecosystem through financial support.

On the 20th, H2KOREA signed a Memorandum of Understanding (MOU) with Korean Investment Finance Holdings at the headquarters of Korean Investment Securities in Yeouido for "creation of hydrogen industry ecosystem and support for hydrogen-specialized companies."

This agreement was pursued with the aim of expanding the industrial ecosystem foundation and expanding support for hydrogen-specialized companies through the establishment of a private cooperation system in the hydrogen sector.

Through the MOU, both institutions agreed to expand the industrial ecosystem through financial support targeting H2KOREA member companies and hydrogen-specialized companies, and to contribute to the government's implementation of hydrogen economy activation policies.

In particular, both institutions decided to cooperate in providing financial advisory services as well as financial arrangements for the successful expansion of H2KOREA member companies' hydrogen industry operations. Additionally, to foster hydrogen-specialized companies, they committed to actively performing their roles as financial companies by providing stage-specific investments and fundraising methods such as IPO, M&A, capital increases, and bond issuances.

H2KOREA General Director Kim Sung-bok stated, "At this important time when the hydrogen economy is being established as a key means of addressing climate change globally, today's MOU signing with Korean Investment Finance Holdings will serve as a foundation for the autonomous growth of Korea's industrial sector," and added, "H2KOREA will solidify its private cooperation system with Korean Investment Finance Holdings and concentrate all capabilities to enable Korea's hydrogen industry ecosystem to grow with global competitiveness."

Korean Investment Finance Holdings President Lee Kang-haeng said, "Through this agreement, we will solidify our strategic partnership with H2KOREA for hydrogen economy activation, and all subsidiaries of the Korean Investment Finance Group will actively support Korea's transition to an eco-friendly hydrogen society."

Meanwhile, H2KOREA, which was launched in 2017, has been taking the lead in achieving an early transition to a low-carbon hydrogen economy society by supporting both government and private sectors. Following the enforcement of the Hydrogen Act in February, it was designated as the "dedicated agency for hydrogen industry promotion."

H2KOREA member companies have grown from 42 member companies at the time of launch to a current total of 119 member companies.