Korea Hydro & Nuclear Power Supports Post-Management of SME Smart Factories... Up to 10 Million KRW

[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Hydro & Nuclear Power (KHNP) signed a "Business Agreement for Post-Management Support of Smart Factories for Small and Medium Ventures" with the Small and Medium Business Corporation (SBC) on the 23rd at SBC's headquarters large conference room in Jinju, Gyeongnam.

Through this agreement, the two organizations agreed to join forces to enhance the competitiveness of small and medium enterprises by supporting the recovery and improvement of smart factory equipment failures and defects, thereby increasing the utilization and efficiency of smart factories. In addition, support will be linked with SBC’s support projects.

In particular, KHNP plans to reduce the burden on companies by supporting the corporate contribution fees of KHNP-qualified suppliers and partner small companies selected through SBC’s smart factory post-management project application. For the emergency recovery type (project cost 10 million KRW), up to 4 million KRW, which is 80% of the corporate contribution fee, will be supported, and for the growth-linked type (project cost 40 million KRW), up to 10 million KRW, which is 50% of the corporate contribution fee, will be supported.

Gong Yeongtaek, Head of Planning at KHNP, said, "This smart factory post-management project will be a timely support measure for KHNP partner small and medium enterprises struggling with the utilization after smart factory construction," and added, "KHNP and SBC, two public institutions leading the co-growth of small and medium enterprises, will make this another exemplary case of win-win cooperation with the private sector."

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