SME Corporation Signs MOU with Nicetech for "Co-Prosperity Network Loan Support"

Joining Hands to Stabilize the Display Industry Supply Chain in Chungnam
Supporting Key Regional Industry Orderers and Suppliers

The Small and Medium Business Corporation announced on July 23 that it has signed a "Business Agreement for Supporting the SME Co-Prosperity Network Loan" with Nicetech, a company based in Chungnam.

This agreement is part of a win-win cooperation initiative aimed at resolving funding difficulties and enhancing the competitiveness of key regional industries. Both organizations have agreed to actively cooperate by providing not only short-term policy funds to outstanding order-receiving companies facing difficulties in securing production capital, but also by establishing a support system linked to the Corporation's business programs. After the signing ceremony, a roundtable discussion was held, presided over by Ban Jeongsik, Regional Innovation Director of the Corporation, to address on-site challenges such as adapting to artificial intelligence (AI) transformation.

Small and Medium Business Corporation

Director Ban stated, "This agreement with Nicetech, a leading company in the field of display specialty glass manufacturing equipment, will serve as a good example of a co-prosperity cooperation model among SMEs. We will continue to support the stability of supply chains in key regional industries through the Co-Prosperity Network Loan."

Meanwhile, the Co-Prosperity Network Loan is a new SME policy fund support project being promoted by the Corporation this year, with a total scale of 100 billion KRW. It provides low-interest, short-term production funds to partner order-receiving companies of ordering companies that have signed the agreement. Since the project announcement in January, the Corporation has been expanding agreements among ordering companies through its regional headquarters and branches nationwide, thereby helping to resolve short-term funding challenges for order-receiving SMEs and contributing to the stabilization of supply chains between ordering and order-receiving companies.

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