HD Hyundai Marine Solutions Establishes 30 Billion Won Co-Growth Fund with IBK Industrial Bank of Korea

Stabilizing the Supply Chain by Easing Financial Burdens for Partners
Preferential Interest Rates and ESG Consulting... A Model for Co-Growth

HD Hyundai Marine Solutions, an integrated marine solutions company under HD Hyundai, is establishing a 30 billion won co-growth fund to support its partner companies.

On January 8, HD Hyundai Marine Solutions announced that it had signed a memorandum of understanding (MOU) with IBK Industrial Bank of Korea on the previous day, January 7, at the HD Hyundai Global Research and Development (R&D) Center in Seongnam, Gyeonggi Province, to create a 'Supply Chain ESG (Environmental, Social, Governance) Co-Growth Fund.' The purpose of this agreement is to alleviate the financial burden on partner companies, build a stable supply chain, and foster a sustainable industrial ecosystem through mutual growth.

Kim Jeonghyuk, Head of Management Support Division at HD Hyundai Marine Solutions (from the left), and Lee Daesung, Head of Corporate Finance Center at IBK Industrial Bank of Korea, signed a business agreement on the 7th to establish a 30 billion won 'Supply Chain ESG Co-Growth Fund.' HD Hyundai

The two companies plan to jointly establish a 30 billion won co-growth fund, providing loans and preferential interest rates to partner companies. The maximum loan limit per company is 500 million won. Depending on transaction contribution and credit rating, an interest rate reduction of up to 1.06 percentage points may be applied. In addition, IBK Industrial Bank of Korea will offer customized consulting to strengthen ESG management capabilities for small and medium-sized partners, as well as provide on-site inspections by professional organizations free of charge.

HD Hyundai Marine Solutions expects that this fund will help partner companies ease the burden of securing operating capital and serve as investment resources for establishing a foundation for mid- to long-term growth, such as facility expansion or new business initiatives. Kim Jeonghyuk, Head of Management Support Division at HD Hyundai Marine Solutions, stated, "The creation of the co-growth fund reflects our commitment to growing together with our partners and building a sustainable industrial ecosystem," adding, "We will continue to expand practical support that can be felt on the ground to further strengthen mutual growth with our partners."

Meanwhile, HD Hyundai Marine Solutions has been expanding its foundation for mutual growth with partner companies by operating various co-prosperity programs, such as early payment of material costs during the Lunar New Year and Chuseok holidays, and support for partner companies' quality management.