Jungjingong and Hansuwon Join Hands to Support Smart Factory Post-Management

Business Agreement on Post-Management Support for Smart Factories of SMEs on the 23rd
Up to 10 Million KRW Corporate Contribution Support for SMEs Collaborating with Korea Hydro & Nuclear Power

On the 23rd, at the Korea SMEs and Startups Agency headquarters in Jinju, Gyeongnam, Choi Hak-su, Head of the Innovation Growth Division at Korea SMEs and Startups Agency (right), and Gong Young-taek, Head of the Planning Division at Korea Hydro & Nuclear Power, are posing for a commemorative photo during the business agreement ceremony.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 23rd that it has signed a business agreement with Korea Hydro & Nuclear Power (hereinafter referred to as KHNP) to support the post-management of smart factories for small and medium-sized venture companies.

Both organizations agreed to join forces to support the competitiveness improvement of KHNP partner companies that have introduced smart factories. They will assist in recovery and upgrades related to equipment failures and defects to enhance the utilization and efficiency of smart factories, and will link SBC’s projects such as policy funds, diagnostics, and training to provide support.

In particular, for KHNP partner companies selected through SBC’s smart factory post-management project application, KHNP will support the company’s contribution to reduce the financial burden. For emergency recovery type support, up to 4 million KRW, which is 80% of the company’s contribution, will be provided, and for growth-linked type support, up to 10 million KRW, which is 50% of the company’s contribution, will be provided.

Gong Young-taek, Head of Planning at KHNP, said, "We expect this smart factory post-management project to be a timely support measure for KHNP partner SMEs struggling with the utilization after building smart factories," adding, "The two organizations, which have led the co-growth of SMEs, will make this another exemplary case of win-win cooperation with the private sector."

Choi Hak-soo, Head of Innovation Growth at SBC, stated, "According to surveys, about 48% of companies that have introduced smart factories experience difficulties in post-utilization," and added, "SBC will take the lead in solving on-site difficulties by linking various projects including the smart factory post-management project and will lead the digital transformation of SMEs."

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