HD Hyundai Robotics to Provide 9 Billion Won in Financial Guarantees for Partner Companies
6 Billion Won Win-Win Fund Established, 9 Billion Won in Financial Guarantees
Business Agreement Signed with Hana Bank, Support Provided to Partner Companies
HD Hyundai Robotics has established a win-win fund of 600 million won to support its partner companies, and based on this, will provide financial guarantee support totaling 9 billion won.
(Photo from left) Byungho Chae, Director of Korea Credit Guarantee Fund, Jongchan Park, Head of Production Support at HD Hyundai Robotics, and Byungju Chon, Regional Head of Jongno Business Headquarters at Hana Bank, are posing for a commemorative photo on the 20th at the Daegu headquarters after signing a "Mutually Beneficial Financial Support Agreement (MOU) for Next-Generation Robot Solution Development and Activation of Overseas Market Entry." HD Hyundai Robotics
View original imageHD Hyundai Robotics announced on May 20 at its Daegu headquarters that it had signed a "win-win financial support Memorandum of Understanding (MOU) for Next-Generation Robot Solution Development and Promotion of Overseas Market Expansion" with Hana Bank and the Korea Credit Guarantee Fund.
The agreement was established to strengthen the competitiveness of the domestic robotics industry and support partner companies' R&D and investment expansion through collaboration among businesses, financial institutions, and public organizations.
According to the agreement, HD Hyundai Robotics and Hana Bank will jointly contribute a total of 600 million won. The Korea Credit Guarantee Fund will use these funds to provide guarantees totaling 9 billion won to partner companies in need of loans.
The support targets domestic medium-sized and small partner companies that are engaged in joint production, research and development, or purchasing projects with HD Hyundai Robotics. These partners will benefit from a 100% guarantee ratio and a fixed guarantee fee rate, which is expected to ease their financial burden.
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A representative from HD Hyundai Robotics stated, "We have established a financial support foundation to enable our partner companies to pursue their business activities stably," adding, "We will continue to pursue mutual growth with our partners through various win-win programs in the future."
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