Hanyang Provides 2.8 Billion KRW Win-Win Cooperation Fund for Mutual Growth with Partners

Hanyang Partner Company Safety and Health Education Meeting Scene (Photo by Hanyang)

[Asia Economy Reporter Ryu Tae-min] Hanyang announced on the 15th that it has paid approximately 2.8 billion KRW from the cooperation fund contributed to the Foundation for Large and Small Enterprises and Agriculture-Fishery Cooperation to help its partner companies overcome the COVID-19 crisis.

Using this win-win cooperation fund, Hanyang will support a total of 25 small and medium-sized partner companies selected based on evaluations of construction capability, process and quality management, safety and environmental management, and contribution. By providing the fund as an incentive, the company aims to boost the morale of excellent partner companies struggling due to the COVID-19 pandemic and provide practical help in improving liquidity.

Previously, to promote continuous win-win growth and cooperative relationships with partner companies, Hanyang contributed about 6 billion KRW in the win-win cooperation fund over three rounds in 2019. Of this, approximately 2.7 billion KRW was paid in 2019, and after screening through the Foundation for Large and Small Enterprises and Agriculture-Fishery Cooperation this year, it was decided to pay an additional approximately 2.8 billion KRW.

A Hanyang official stated, “Even amid the difficulties all companies face due to COVID-19, many partner companies are participating in overcoming management difficulties based on excellent quality and safety management capabilities,” and added, “In addition to this fund payment, we will prepare and implement various support measures to achieve win-win growth with our partner companies.”

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