HD Construction Machinery to Provide 85 Billion Won in Guarantee Support for Partner Companies

MOU Signed with Hana Bank and Korea Credit Guarantee Fund
Financial Support Expanded

HD Construction Machinery announced on April 30 that it will implement a financial guarantee program totaling 85 billion won to help create a stable business environment for its partner companies.

On the 29th, HD Construction Equipment signed an MOU for "Support for Win-Win Growth in the Construction Equipment Industry" together with Hana Bank and the Korea Credit Guarantee Fund at the Hana Bank headquarters in Jung-gu, Seoul. From the left in the photo: Dowan Kim, Chairman of HD Construction Equipment Partner Council; Jaeyoung Moon, President of HD Construction Equipment; Hoseong Lee, President of Hana Bank; Byungho Chae, Standing Director of the Korea Credit Guarantee Fund. HD Construction Equipment. Photo by HD Construction Equipment

On the 29th, HD Construction Machinery signed a "Mutual Growth Support Agreement for the Construction Machinery Industry" (MOU) with Hana Bank and the Korea Credit Guarantee Fund at the Hana Bank head office in Jung-gu, Seoul.

This agreement was established to provide practical financial support to partner companies facing difficulties in securing funds amid growing economic uncertainty. The scale of support has been expanded in response to high demand, as the existing mutual growth fund was quickly exhausted.

Under the agreement, HD Construction Machinery and Hana Bank will jointly establish a fund of up to 5 billion won, and the Korea Credit Guarantee Fund will use this as seed money to provide guarantees of up to 85 billion won when partner companies take out loans from financial institutions.

The guarantee program consists of a "Joint Project Guarantee" (40 billion won) for partner companies participating in future innovation projects such as new model development and mass production, and a "Mutual Growth Financial Support Agreement Guarantee" (45 billion won) for all partner companies. Discounted guarantee fees and preferential interest rate benefits will also be offered.

Jaeyoung Moon, President of HD Construction Machinery, stated, "Supporting our partners so they can prepare for the future with stability, even in an uncertain external environment, is the core of mutual growth," adding, "We hope that this financial support will lead to enhanced competitiveness across the entire construction machinery industry."

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