HD Hyundai Robotics and IBK Establish 10 Billion KRW Co-Growth Fund
Industrial Robot Purchase 1.78% Interest Rate Reduction
HD Hyundai Robotics is launching a win-win growth fund to alleviate the manpower shortage faced by small and medium-sized enterprises (SMEs).
On the 2nd, HD Hyundai Robotics announced that it has established a win-win growth fund worth a total of 10 billion KRW in partnership with IBK Industrial Bank of Korea.
The fund will be used to support SMEs in introducing automation equipment, aiming to assist those SMEs that urgently need to adopt automation due to chronic manpower shortages but face difficulties in securing funding. HD Hyundai Robotics will also offer a 1.78% interest rate reduction benefit to companies purchasing its products through the win-win growth fund.
It is expected that SMEs experiencing manpower shortages who wish to purchase industrial robots from HD Hyundai Robotics will be able to significantly reduce their purchasing burden through the win-win growth fund.
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An official from HD Hyundai Robotics stated, "The win-win growth fund will help resolve the manpower shortage issues of SMEs, which are the foundation of our industry," adding, "We plan to promote mutual growth with SMEs and partner companies through various methods."
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