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 24th that it will provide living stabilization funds for ready-mix concrete transportation operators.

Recently, the ready-mix concrete industry has been facing difficulties due to a decrease in shipment volume caused by the downturn in the construction market, along with increased cost burdens from rising prices of raw materials such as cement and aggregates.

In response, Eugene Corporation is offering interest-free household support funds to its contracted transportation operators who are temporarily experiencing difficulties due to reduced transportation performance and non-operation caused by COVID-19 self-quarantine.

Eugene Corporation operates various support programs for ready-mix concrete transportation operators. During the downturn in the construction market and the off-season for ready-mix concrete, it provides household support funds to ensure the livelihood stability of its contracted transportation operators, and during holidays when expenses increase, it has also advanced transportation fee payments ahead of schedule.

Additionally, to alleviate the economic burden caused by high-interest loans when purchasing ready-mix mixer trucks, the company runs programs to reduce interest rates and expand loan limits, supporting over 4,000 transportation operators to date.

A representative from Eugene Corporation stated, "We have stepped up to provide living stabilization funds to coexist with transportation operators and overcome the COVID-19 crisis," adding, "We will continue to seek various ways to overcome the difficulties faced by the ready-mix concrete industry together and strengthen cooperative relationships."

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