Kamco-Jeollabuk-do Sign Win-Win Job Creation Business Agreement

At the 'Jeollabuk-do Win-Win Job Participation Company Support and Community Development Business Agreement Ceremony' held at the Jeollabuk-do Provincial Government Office on the 18th, Moon Seong-yu, President of the Korea Asset Management Corporation (third from the right in the photo), Song Ha-jin, Governor of Jeollabuk-do (fourth from the right in the photo), and other officials are posing for a commemorative photo.
[Photo by Korea Asset Management Corporation]

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 18th that it has signed a "Business Agreement for Supporting Companies Participating in Win-Win Jobs and Regional Community Development" with Jeollabuk-do.

This business agreement was established for both organizations to cooperate in the early normalization of management of mid-sized and small-to-medium enterprises (SMEs) in the Jeonbuk region, revitalization of the local economy, and job creation. KAMCO's support will be provided through the Integrated Support Platform Corporate Restructuring Center, which connects investors seeking investment targets with companies seeking management normalization through financing.

Additionally, they decided to expand private investment-linked support to four electric vehicle manufacturers and one parts company participating in the local government job project, the "Win-Win Job Agreement." Support for regional community development and activation of social contribution activities will also continue.

This business agreement was prepared to support mid-sized and small-to-medium enterprises in the Jeonbuk region to receive private investment through the Corporate Restructuring Support Center for early management normalization, and for KAMCO and Jeollabuk-do to cooperate together for regional economic revitalization and job creation.

Moon Sung-yoo, President of Korea Asset Management Corporation, said, "We will do our best to provide necessary support so that mid-sized and small-to-medium enterprises based in the region can lead regional economic revitalization and job creation," and added, "We will actively cooperate with local governments and others close to the field to support these companies so that they can overcome uncertain situations such as industrial restructuring and take a leap forward."

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