Hyundai Motor Securities Signs MOU with Senior Care Specialist 'Caring'

Hyundai Motor Securities announced on the 16th that it had signed a strategic business agreement (MOU) with Caring, a senior care specialist company, on the 15th to promote the senior care business.

Caring, established in 2019, is a senior care specialist company that operates 60 directly managed institutions nationwide, including home care services, day care centers, and care-focused silver towns. Recently, leveraging its experience in operating the largest senior care centers in Korea, the company has been working on planning and analyzing senior-specialized service infrastructure, as well as designing houses based on operational expertise.

Through this agreement, Hyundai Motor Securities and Caring plan to cooperate in the following areas: establishing and advising on funding structures for the development and operation of senior housing; providing financial solutions such as feasibility analysis, profitability review, and investor attraction for senior-customized businesses; and marketing collaboration for asset leasing and sales.

Kang Deokbeom, Executive Director and Head of Investment Banking at Hyundai Motor Securities, stated, "Recently, as demand for age-friendly service industries has increased, investors' interest in building related infrastructure and facility investment has also grown. Through this business agreement, we will do our best to provide optimized financial solutions for senior-related facilities and development operations, and to present competitive investment opportunities."