<기사제목>O Gi-woong, Vice Minister of the Ministry of SMEs and Startups, Visits the First Network Loan Agreement Company

On the 11th, the Ministry of SMEs and Startups announced that Vice Minister Oh Gi-woong visited Sambo Motors, the first company to sign the Win-Win Growth Network Loan agreement located in Daegu, toured the production site with cooperating order-receiving companies, and held a communication meeting.

The Win-Win Growth Network Loan, newly established this year with a scale of 100 billion KRW by the Ministry of SMEs and Startups, is a type of policy fund for small and medium enterprises that provides low-interest short-term production funds to order-receiving companies of ordering companies that have signed agreements. This project aims not only to resolve short-term financing difficulties of order-receiving SMEs but also to stabilize the supply chain between ordering companies and order-receiving companies.

O Gi-ung, Vice Minister of the Ministry of SMEs and Startups, is observing the production site ahead of attending the 'Win-Win Growth Network Support Companies On-site Meeting' held at Sambo Motors Secheon Factory in Daegu on the 11th. (Photo by Ministry of SMEs and Startups)

Since the announcement of the Win-Win Growth Network Loan project on April 2nd, the Ministry of SMEs and Startups has seen participation from 24 regional anchor companies (ordering companies) in the agreement within about two months. Based on agreements with ordering companies so far, short-term production funds amounting to 14.7 billion KRW have been provided to 29 order-receiving companies.

Meanwhile, Vice Minister Oh, who visited Sambo Motors, the first company to sign the Win-Win Growth Network Loan agreement, toured the product production site of Sambo Motors together with order-receiving SMEs, and subsequently held a communication meeting with three ordering companies and three order-receiving companies participating in the Win-Win Growth Network Loan.

The ordering and order-receiving companies attending the communication meeting expressed that through the Win-Win Growth Network Loan project, partnerships among large, medium-sized, and small enterprises in regional key industries were strengthened, and financing difficulties of SMEs were alleviated. They suggested expanding support limits and loan periods, as well as enhancing project promotion to revitalize the Win-Win Growth Network Loan.

Vice Minister Oh stated, “We will carefully review and actively reflect the various field opinions raised during this meeting to do our best to strengthen SME competitiveness and stabilize the supply chain of regional key industries,” adding, “We hope the Win-Win Growth Network Loan will be established as a successful model of co-growth among large, medium-sized, and small enterprises.”