Yujin Corporation Provides Interest-Free Living Stability Funds to Ready-Mix Concrete Transport Operators

[Asia Economy Reporter Kim Jong-hwa] Eugene Corporation announced on the 29th that it will provide financial support to ready-mixed concrete (remicon) transportation operators to stabilize their livelihoods amid the prolonged COVID-19 pandemic.

Eugene Corporation will actively participate in overcoming the national crisis caused by COVID-19 and fulfill its social responsibility by offering interest-free loans to remicon transportation operators contracted with the company to help stabilize their livelihoods.

The company expects this support to assist transportation operators who face temporary difficulties during the remicon off-season by stabilizing their livelihoods and alleviating financial hardships.

Eugene Corporation is focusing on mutual growth by establishing various support programs for remicon transportation operators.

During downturns in the construction market and the remicon off-season, the company has provided household support funds to contracted transportation operators to stabilize their livelihoods. Additionally, during holidays when demand for funds surges, transportation fees have been paid earlier than scheduled. The company has also operated programs to reduce the financial burden caused by high-interest loans when purchasing remicon mixer trucks by lowering interest rates and expanding loan limits, supporting approximately 3,500 transportation operators to date.

A Eugene Corporation official stated, "Although the business environment is challenging due to a decrease in remicon shipments caused by COVID-19, we have stepped up to provide financial support to overcome the crisis together with transportation operators." He added, "We will continue to seek various measures to overcome the ongoing downturn in the construction market and strengthen cooperative relationships."

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