KAMCO President Kwon Nam-joo visited a Busan company supported by Sales & Leaseback and said, "On-site walk."
Reporter name, Hong Yoon
Approval 2022.04.27 18:26
Jungwoo E&, an LNG piping production company located in Gangseo-gu, Busan, visited and held an on-site meeting
Kwon Nam-joo, president of the Korea Asset Management Corporation (KAMCO), is looking around Jungwoo E&E, a Busan-based company supported by the sales leaseback program. (Provided by Korea Asset Management Corporation)
Kwon Nam-joo, president of the Korea Asset Management Corporation, visited Jungwoo E&E Co., Ltd., a Busan-based company supported by the "Sale & Lease Back" on the 27th. On this day, President Kwon expressed his intention to strengthen on-site management.
Jungwoo E&E, which President Kwon visited, is a company located in Gangseo-gu, and is considered a small and medium-sized company with key technologies related to the design and production of vacuum heat pipes used in LNG fuel propulsion ships. However, it had difficulty raising operating funds for research and development and production of new products and asked KAMCO for support in September 2020.
KAMCO supported the improvement of its financial structure by providing operating funds to companies on the condition of repurchasing the factory through a rental program after purchasing and renting the purchased factory again to help stable business activities.
President Kwon held an on-site meeting with officials on the spot.
At the meeting, an official from Jungwoo E&E Co., Ltd. said, "We were able to recover our financial soundness and overcome the liquidity crisis through new funds supported by KAMCO. Thanks to additional cuts in rent, we are smoothly pushing for normalization of management despite difficult situations such as COVID-19 and rising raw material prices."
KAMCO President Kwon Nam-joo said, "We will strengthen the role of rental programs after purchasing assets, focusing on the opinions shared at this meeting," adding, "We will continue to find answers in the field to provide practical help to small and medium-sized companies."
Meanwhile, KAMCO has been supporting sales and leaseback programs for small and medium-sized companies since 2015 and supplying 787 billion won in liquidity to 63 companies to help maintain employment of 5,600 people.
Reporter Hong Yoon: firstname.lastname@example.org