Hyundai Commercial said on the 9th that it will join the "loan-type corporations support fund (PDF) No. 6," which Korea Asset Management Corporation (KAMCO) is creating to support auto parts partners.
This loan-type corporations support fund was created to support parts partners of finished car companies that are struggling due to a deterioration in the external business environment following the imposition of a tariff or that are pursuing corporations restructuring in line with changes in the industrial paradigm.
The fund will be created at about 400 billion won, of which KAMCO will contribute 100 billion won, and Hyundai Commercial will participate as a designated contributor.
A Hyundai Commercial official said, "Through this fund, we plan to support parts partners that need liquidity and help raise operating funds and facility investment funds for restructuring corporations."