LS Electric Contributes 3 Billion Won to Partnership Fund... Expanding Customized Smart Factory Support for SMEs

30 Billion Won Contribution to Cooperation Fund for Smart Factory Distribution and Expansion

LS Electric held a cooperation fund donation agreement ceremony on the 20th at LS Yongsan Tower to support the establishment of win-win smart factories with the Foundation for Cooperation between Large, Small and Medium Enterprises and Agriculture and Fisheries. The photo shows Kwon Bong-hyun, COO of Automation CIC at LS Electric (second from the right), Kim Young-hwan, Secretary General of the Cooperation Foundation (second from the left), and other officials posing for a commemorative photo at the event. Photo by XXX

[Asia Economy Reporter Park Sun-mi] LS Electric is expanding the establishment of smart factories to enhance the manufacturing competitiveness of small and medium-sized enterprises (SMEs).

On the 21st, LS Electric announced that it signed a cooperation agreement the previous day at LS Yongsan Tower with the Foundation for Large and Small Business and Agriculture-Fishery Cooperation (hereinafter referred to as the Cooperation Foundation) to contribute to the win-win cooperation fund for supporting the establishment of win-win type smart factories between large and small businesses.

Through this agreement, LS Electric will contribute 3 billion KRW to the Cooperation Foundation's win-win cooperation fund. Additionally, for 64 domestic SMEs, LS Electric will support the spread and competitiveness enhancement of smart factories in Korea by providing a pool of solution suppliers, expert mentoring services, and customized services for each manufacturing company based on LS Electric's smart factory platform, Tech Square.

Kwoun Bong-hyun, COO (Chief Operating Officer) of LS Electric Automation CIC (Company-In-Company), said, "Since 2020, LS Electric has contributed approximately 10 billion KRW in funds to promote balanced growth between large and small businesses and to create an innovative industrial ecosystem. Through the disclosure of smart factory-related technologies, capabilities, and the platform to operate them, we will actively contribute to strengthening the competitiveness and technological advancement of Korea's small and medium-sized manufacturing enterprises."

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