New Album, Business Agreement on Financial Support to Expand Industrial Digital Transformation
Shin Yong Bo Jeung Ki Geum Partners with Ministry of Trade, Industry and Energy to Establish Financial Support Collaboration Environment for Digital-Based Industrial Innovation Growth
[Asia Economy Reporter Park Sun-mi] On the 28th, the Korea Credit Guarantee Fund announced that it signed a 'Scale-Up Financial Support Agreement for Industrial Digital Transformation' together with the Ministry of Trade, Industry and Energy and others at the 'Industrial Digital Transformation Solidarity Formation Ceremony' held at the Seoul Dragon City Hotel.
This agreement was established by four organizations?the Korea Credit Guarantee Fund, the Ministry of Trade, Industry and Energy, Shinhan Bank, and the Korea Industrial Intelligence Association?to build a financial support cooperation system for digital-based industrial innovation growth, promoting digital transformation across the industry jointly by the government and the private sector and fostering related companies.
According to this agreement, the Korea Credit Guarantee Fund plans to provide a comprehensive financial support program, including customized credit guarantees at each business stage from research and development (R&D) to commercialization for companies equipped with digital technological capabilities and utilizing industrial data to create new businesses and services.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
A representative of the Korea Credit Guarantee Fund stated, “Through this agreement, an industrial digital transformation ecosystem has been established that integrates digital innovative technologies such as cloud and artificial intelligence (AI) across the industrial sector to innovate the industrial value chain and support the Korean New Deal. The Korea Credit Guarantee Fund will fulfill its role as a policy financial institution to discover and nurture industrial digital transformation companies.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
