7-Year Loan Interest Support for Smart Logistics Center Certified Companies
Smart Logistics Center Secondary Compensation Loan No. 1 Agreement Signing Ceremony. From the left, Osongcheon, Director of Advanced Logistics Division, Ministry of Land, Infrastructure and Transport; Hong Jong-wook, CEO of Fasto; Jeong Byeong-cheol, Head of Gangnam Regional Headquarters, Korea Development Bank (Photo by Ministry of Land, Infrastructure and Transport)
View original image'Fasto,' a small and medium logistics company, has been selected as the first recipient of the loan interest cost support project to promote private investment in smart logistics centers.
On the 18th, the Ministry of Land, Infrastructure and Transport announced that it signed the first loan agreement for interest rate differential compensation on smart logistics centers with KDB Industrial Bank and Fasto the day before.
This project supports interest payments for up to 7 years on loans up to 150 billion KRW for businesses certified as smart logistics centers. The support rate is determined within a 2 percentage point range depending on the certification grade and company size.
The first supported company is the SME Fasto. It will receive interest cost support of 2 percentage points for 7 years on 7 billion KRW invested in automation facilities at the Yongin fulfillment center.
Fasto received the first-grade No. 1 smart logistics center certification on the 29th of last month. It is the first in the domestic logistics industry to introduce an automated warehouse system (AutoStore) capable of robot picking and a state-of-the-art sorter (SureSort) that performs sorting and packaging tasks at high speed. Fasto plans to reduce logistics costs by utilizing autonomous mobile robots and unmanned forklifts throughout logistics operations.
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Jeon Hyung-pil, Director of Logistics Policy at the Ministry of Land, Infrastructure and Transport, said, "We will expand support so that the smart logistics center interest support project can serve as a catalyst for private investment, leading to the smartization of logistics facilities and strengthening the competitiveness of the logistics industry."
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