Korea Railroad Holds Online Win-Win Growth Meeting with 30 Small and Medium Partner Companies

Guidance on Technology Development and Cooperation Fund Support Projects, Building Consensus through Feedback Collection

The online win-win growth meeting held on the afternoon of the 17th by Korea Railroad Corporation (KORAIL) with 30 small and medium-sized partner companies for mutual cooperation.

[Asia Economy Reporter Kangwook Cho] Korea Railroad Corporation (KORAIL) announced on the 18th that it held an 'Online Win-Win Growth Meeting for Cooperation with Partner Companies' on the 17th, inviting 30 small and medium-sized partner companies.

This meeting was organized to build a consensus on mutual growth between KORAIL and its partner companies and to find ways for win-win cooperation.

During the video conference meeting, KORAIL introduced various support projects such as △K-Testbed △Railroad Technology Commercialization △Development of New Products under Purchase Conditions to support technology and market access, listened to the difficulties faced by participating companies, and exchanged opinions on their suggestions.

Despite the difficulties caused by decreased revenue due to COVID-19, KORAIL contributed approximately 600 million KRW this year to the win-win cooperation fund to support the management activities of small and medium-sized partner companies, and plans to expand the scope of support projects to strengthen partner companies' ESG (Environmental, Social, and Governance) response capabilities in the future.

Additionally, KORAIL operates the 'Rail Plus Win-Win Fund,' which provides low-interest loans to small and medium-sized enterprises and small business owners, and runs the 'Corporate Growth Response Center' both online and offline to actively resolve corporate complaints.

Jung Wangguk, Acting President of KORAIL, said, "Mutual growth with small and medium-sized partner companies will be the foundation for improving railroad technology and ensuring safe train operations," and added, "We will continue to create opportunities for communication to promote win-win cooperation with our partner companies."

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