KAMCO "Pre-packaged S&LB No.1 Company Achieves Early Business Normalization Success"

Supported in cooperation with Daejeon District Court... Graduated one month after rehabilitation approval

[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) announced on the 15th that the ‘Pre-packaged Asset Purchase and Lease Program No. 1 Company,’ supported in cooperation with the Daejeon District Court, graduated from the rehabilitation process just one month after receiving court approval for rehabilitation.

The Pre-packaged Asset Purchase and Lease Program is a customized comprehensive support system by KAMCO that helps rehabilitating companies normalize their management through management improvement consulting based on feasibility diagnosis from the corporate rehabilitation commencement decision stage, rapid liquidity supply, and more.

KAMCO selected Yongho Industry Co., Ltd. as the first support target, and after the commencement decision in March last year, it conducted corporate analysis and feasibility diagnosis. Immediately after court approval for rehabilitation, KAMCO purchased and leased factories and other assets to supply liquidity, providing a foundation for a fresh start. In particular, KAMCO provided management consulting such as establishing an appropriate repayment plan during this process, helping the company graduate early from the rehabilitation procedure. Yongho Industry was a company recognized for quality, securing more than 40% of its total sales through exports to Japan, Europe, and other regions, but due to large-scale facility investments and trade disputes, its financial structure deteriorated, leading to corporate rehabilitation procedures in March last year.

Jimin-gyu, CEO of Yongho Industry, said, “I shed many tears in secret due to the rehabilitation application,” and added, “Thanks to KAMCO’s help, we graduated early from the rehabilitation process and achieved management improvements such as inventory management and accounting management. I want to contribute a little more to the local community going forward.”

Moon Sung-yoo, President of KAMCO, said, “We will further activate the ‘Pre-packaged S&LB Program’ based on this case,” and added, “We will create successful cases of management normalization through swift and optimized support so that small and strong rehabilitating companies do not miss the golden time for recovery.”

This content was produced with the assistance of AI translation services.