Jungjingong-HD Hyundai Samho Join Hands to Support Liquidity for Partner SMEs

Business Agreement on
Co-Growth Network Theory to Lead the Next Generation of K-Chosun

The Small and Medium Business Corporation (SBC) announced on the 7th that it has signed a "Large and Small Business Win-Win Growth Network Loan Agreement for Leading the Next Generation of K-Shipbuilding" with HD Hyundai Samho and the HD Hyundai Samho External Cooperation Company Council.

The signing ceremony was held with the attendance of Kang Seok-jin, Chairman of SBC, Shin Hyun-dae, President of HD Hyundai Samho, Kim Yong-hwan, Chairman of the External Cooperation Company Council, along with about 30 representatives and officials from partner companies.

HD Hyundai Samho is the first large company to participate in the Win-Win Growth Network Loan project newly launched by SBC since April this year. This agreement was reached by sharing the need for systematic support of SBC's Win-Win Growth Network Loan and cooperation to enhance the competitiveness of the shipbuilding industry, a key regional industry.

At the agreement ceremony held on the 7th, from the left, Shin Hyun-dae, President of HD Hyundai Samho, Kang Seok-jin, Chairman of the Small and Medium Business Corporation, and Kim Yong-hwan, Chairman of the Outside Cooperation Council, are posing for a commemorative photo.

The main contents of the agreement include ▲supporting Win-Win Growth Network Loans for partner small and medium enterprises ▲follow-up linked support such as workforce training and marketing ▲expanding industrial field information exchange ▲discovering excellent companies and promoting projects.

The Win-Win Growth Network Loan is a project where SBC provides short-term production funds to small and medium enterprises that receive orders based on purchase orders from ordering companies (large and medium-sized enterprises) that have signed a win-win growth agreement with SBC, and the ordering companies repay by transferring sales receivables to SBC after delivery. This year, it is being promoted on a scale of 100 billion KRW.

Kim Yong-hwan, Chairman of the External Cooperation Company Council, said, “With HD Hyundai Samho’s excellent credit rating and the provision of low-interest funds based solely on purchase orders, it is expected that partner small and medium enterprises will have a foundation to improve productivity and reinvest in management.”

Kang Seok-jin, Chairman of SBC, said, “This agreement with HD Hyundai Samho and partner small and medium enterprises, which lead the regional economy of Jeonnam, will become a representative model for large and small business win-win growth,” and added, “SBC will continue to actively support the Win-Win Growth Network Loan to lead the stabilization of supply chains in key regional industries.”

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