Hyundai Motor Securities said on the 16th that it signed a strategic business agreement (MOU) with senior care company "Caring" to boost senior business.
Caring, which opened in 2019, operates 60 directly managed facilities nationwide, including in-home care services, daytime care centers, and care-specialized silver towns. Recently, based on its experience operating senior care centers, it has been pursuing businesses such as planning senior-specialized service infrastructure and designing dwellings.
Under the agreement, Hyundai Motor Securities and Caring agreed to cooperate on: ▲ establishing and advising on funding structures related to senior housing development and operations ▲ providing related financial solutions such as senior-tailored business feasibility analysis, profitability review, and investor attraction ▲ marketing collaboration such as asset leasing and sales.
Kang Deok-beom, head of investment banking at Hyundai Motor Securities, said, "As demand for age-friendly service industries has increased recently, investors' interest is continuing in infrastructure building and capital expenditures as well," and added, "Through this business agreement, we will do our best to provide financial solutions optimized for senior-related facilities and development operations and to present competitive investment opportunities."