Jungjingong-Hanil Cement-Large and Small Foundation, Win-Win Type Tomorrow Filling Deduction Agreement

Achieving SME Co-Growth through Public-Private Collaboration... Leading the Promotion of ESG Management

Small and Medium Business Corporation

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 10th that it has signed a 'Win-Win Cooperation Type Tomorrow Filling Deduction Business Agreement' with Hanil Cement, the Foundation for Large, Medium, Small Enterprises and Agriculture and Fisheries Cooperation. The Win-Win Cooperation Type Tomorrow Filling Deduction is a collaborative model in which SBC supports the deduction contributions of supported companies together with large corporations, public institutions, and local governments to reduce the burden on small and medium-sized enterprises and realize mutual growth with partner companies. Since 2015, a total of 53 institutions and companies have participated.

SBC explained that this agreement is meaningful as it is the first collaboration with a mid-sized company to contribute a fund of 1.9 billion KRW over two years to fully support the monthly burden of about 240,000 KRW for partner small and medium-sized enterprises. In the future, it plans to support about 100 employees of partner companies responsible for core equipment operation and maintenance.

Specifically, SBC will provide education and welfare services such as job competency e-learning, group accident insurance subscription, and vacation support to Hanil Cement's partner companies. For companies that wish, it plans to link policy projects for ESG (Environmental, Social, and Governance) management transition. The Large, Medium, Small Foundation will be responsible for Hanil Cement's win-win cooperation fund contribution and smooth management. SBC and the foundation will work together to discover and promote excellent private cooperation cases to activate private companies' participation in the win-win cooperation type Tomorrow Filling Deduction.

Jeon Geun-sik, CEO of Hanil Cement, said, "We introduced the Win-Win Cooperation Type Tomorrow Filling Deduction to contribute to job stability for partner companies struggling to retain and secure core personnel," adding, "We will expand win-win cooperation programs such as Tomorrow Filling Deduction to lead the growth of the domestic construction and cement industry together with excellent small and medium venture companies."

Kim Hak-do, Chairman of SBC, emphasized, "We will continue to actively support the improvement of job quality for small and medium venture companies and do our best to promote mutual growth between large and small enterprises and the spread of ESG management through continuous collaboration with the private sector."

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