Jungjingong Leads SME Financial Support in Collaboration with POSCO Future M

Signing of Business Agreement for the 'Dongbansungjang Network Theory'

The Small and Medium Business Corporation announced on the 14th that it has signed a business agreement with POSCO Future M to jointly support the ‘Win-Win Growth Network Loan.’ This agreement was reached as both parties shared the need to support the liquidity of partner companies winning orders through the Win-Win Growth Network Loan and to enhance the competitiveness of regional key industries.

Small and Medium Business Corporation

According to the agreement, both parties will actively cooperate to support the Win-Win Growth Network Loan for partner companies winning orders from ordering companies. The Win-Win Growth Network Loan is a system that provides early production funds based on purchase orders to partner small and medium enterprises facing difficulties in financing. This year, the Small and Medium Business Corporation is newly promoting and supporting the Win-Win Growth Network Loan with a scale of 100 billion KRW.

Ban Jeong-sik, Director of Regional Innovation at the Small and Medium Business Corporation, said, “The agreement with POSCO Future M, a leading company in the secondary battery materials sector, will serve as an opportunity to further promote a culture of mutual growth between large and small-medium enterprises.” He added, “The Small and Medium Business Corporation will continue to actively promote the Win-Win Growth Network Loan and spare no effort to support the establishment of a stable supply chain ecosystem in regional key industries.”