Hoban Group's Samsung Gold Exchange Co. said on the 29th that it held the "2026 co-prosperity cooperation fund presentation ceremony" at Hoban Group's headquarters in Seocho-gu, Seoul, on the 28th.
The ceremony was attended by Kim Yun-hye, president and head of management at Hoban Property, Vice President Kim Min-seong of Hoban Group, executives and employees of Hoban Group, and franchise owners from across the country.
The event was organized to share the achievement of Samsung Gold Exchange Co. surpassing 40 locations nationwide three years after opening its franchise network and to pledge continued growth together with franchise owners. Samsung Gold Exchange Co. recently decided, for the first time in the industry, to provide a co-prosperity cooperation fund to strengthen joint growth with franchises facing difficulties amid changes in the internal and external business environment.
In the domestic gold exchange industry, Samsung Gold Exchange Co. is the first to support franchises with a co-prosperity cooperation fund. The fund will total 2 billion won annually and will be distributed to franchises on a quarterly basis. The plan is to enhance operational stability for franchises and ease burdens stemming from changes in market conditions.
Previously, Samsung Gold Exchange Co. supported expenses such as equipment maintenance for manufacturing partners and promotion costs for precious metal wholesalers and retailers through a co-prosperity cooperation fund that Hoban Property grants.
The latest support was pursued to help ensure stable operations for franchises as challenges have grown due to increased price volatility in the gold market, weakened consumer sentiment, and unstable supply and demand.
Samsung Gold Exchange Co. said it will support the fund based on a method that reflects certain operating indicators to promote management stability and strengthen competitiveness at franchises.
In addition, Samsung Gold Exchange Co. is expanding its nationwide franchise network, including the recent opening of the Jamsil branch, and plans to continue pursuing support policies centered on co-prosperity alongside distribution network expansion.
Kim Yun-hye, president and head of management at Hoban Property, said, "We prepared management stability funds to back active business activities and continued growth," adding, "We will continue support that can respond to market changes and achieve co-prosperity with franchises."
Meanwhile, Hoban Group has granted a cumulative total of more than 102.9 billion won to the co-prosperity cooperation fund for large and small businesses and farming and fishing villages since 2018 to foster co-prosperity with partners and local communities. In addition, Hoban Construction and Hoban Industry received the highest rating in the Ministry of Land, Infrastructure and Transport's mutual cooperation evaluation among construction business operators last year.