POSCO to Recruit Companies for SME Smart Factory Construction Project
Financial Support and On-Site, Hands-On Consulting
POSCO announced on the 19th that it will begin recruiting companies to participate in the "Large and Small Business Win-Win Smart Factory Construction Support Project," which aims to enhance the manufacturing competitiveness of Korean small and medium-sized enterprises, starting from the 20th.
POSCO Shared Growth Support Group is conducting on-site consulting at the Korea Hyunghwa factory participating in the Large and Small Business Win-Win Smart Factory Construction Support Project. POSCO
View original imageThis project, carried out in cooperation with the Ministry of SMEs and Startups, supports the automation and digital transformation (DX) of manufacturing sites at small and mid-sized companies. The core of this initiative is not just simple financial support but "on-site, hands-on consulting." POSCO's in-house expert group, the Shared Growth Support Group, supports the entire process—from establishing smart factory implementation plans to system construction and stabilizing on-site operations. Drawing on more than 25 years of manufacturing innovation experience and know-how, the group helps participating companies reduce trial and error and improve their production site operations.
The achievements of participating companies are also becoming visible. For example, Sail Jeonggi, a non-ferrous metal equipment manufacturer, reduced its manufacturing lead time by five days and lowered its finished product defect rate by 0.69 percentage points compared to before, through the advancement of ERP (Enterprise Resource Planning) and MES (Manufacturing Execution System).
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Financial support for small and mid-sized steel trading companies will also be expanded. In addition to its existing low-interest loan fund and Steel ESG Win-Win Fund, POSCO has been operating a 400 billion won "Steel Supply Chain Stabilization Fund" since January of this year, in partnership with Korea Trade Insurance Corporation and Industrial Bank of Korea. Including this, the total scale of financial support exceeds 1 trillion won.
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