Jungjin Gong and Nice Tech Join Hands for 'Co-Growth Network Loan'

[Financial News] The Small and Medium Venture Business Promotion Corporation has joined hands with Nice Tech to stabilize the supply chain of the display industry in Chungnam and resolve funding difficulties.
Jungjin Gong announced on the 23rd that it has signed a business agreement with Nice Tech for the 'Co-Growth Network Loan'. The signing ceremony was attended by Ban Jeong-sik, Regional Innovation Director of Jungjin Gong, Park Seong-hwan, Head of the Chungnam Regional Headquarters, Shin Du-guk, CEO of Nice Tech, and about 10 other representatives from ordering and supplying companies.
This agreement was prepared to support the securing of production funds in the display field, a key regional industry, and to promote management stability and productivity improvement of partner SMEs. Jungjin Gong and Nice Tech agreed to establish a support system linked with other projects of Jungjin Gong, as well as supply short-term policy funds.
Immediately after the signing ceremony, a meeting was held, presided over by Director Ban Jeong-sik, to share on-site difficulties such as AI transition. According to Jungjin Gong, participating companies showed positive responses during the discussion process on policy demand.
Shin Du-guk, CEO of Nice Tech, said, "Through this agreement, partner companies will be able to increase productivity and reinvestment capacity," adding, "It will also greatly help stabilize the supply chain of the display industry."
Ban Jeong-sik, Regional Innovation Director of Jungjin Gong, said, "The agreement with a leading company in the display special glass manufacturing equipment field is a good example of a win-win cooperation model for SMEs," adding, "We will continue to support key regional industries through the Co-Growth Network Loan in the future."
Meanwhile, the Co-Growth Network Loan is a new short-term policy fund support project for SMEs, totaling 100 billion won, that Jungjin Gong is promoting this year. It provides low-interest production funds to partner order companies, and since the business announcement in January, the expansion of agreements has continued, centered on regional headquarters nationwide.

jimnn@fnnews.com Shin Ji-min Reporter