SBC Signs Business Agreement with Panko to Support Co-Prosperity Network Loan

Operating Scale Set at 140 Billion Won This Year

The Small and Medium Business Corporation (SBC) announced on August 12 that it had signed a business agreement with Panko, a leading fashion manufacturing technology company, in Seongdong-gu, Seoul, to support the "Co-Prosperity Network Loan for SMEs."

Panorama of the Small and Medium Business Corporation. SBC

The Co-Prosperity Network Loan is a program that SBC has been promoting since last year, with an operating scale of 140 billion won this year. The program aims to swiftly provide short-term production funds to small and medium-sized enterprises that receive orders as partners recommended by large or mid-sized companies that have signed agreements with SBC, based on delivery orders.

This agreement was reached as both companies recognized the need for collaboration to enhance the competitiveness of the K-fashion industry. Ban Jeongsik, Director of Regional Innovation at SBC, and Lee Kwangil, CEO of Panko, attended the signing ceremony. After the ceremony, a business briefing session was held for four order-receiving companies, introducing the Co-Prosperity Network Loan and related programs.

With this agreement, the two parties decided to actively cooperate not only in providing short-term policy funds for partner SMEs struggling to secure production capital, but also in supporting outstanding SMEs by recommending them for SBC programs.

Ban Jeongsik, Director of Regional Innovation at SBC, stated, "This agreement with Panko, a global leader in fashion manufacturing technology, will serve as a representative model for co-prosperity with K-fashion SMEs," adding, "SBC will continue to lead the way in fostering a culture of win-win cooperation between large and small businesses and strengthening the competitiveness of the K-fashion industry through the Co-Prosperity Network Loan."

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