SEOUL, April 7 (Korea Bizwire) — The Ministry of SMEs and Startups said Monday that its “Win-Win Cooperation” project is paying off in the face of the coronavirus pandemic.
According to the government, the daily production of four mask makers, backed by smart factory technology from Samsung Electronics Co., jumped 51 percent to 1.39 million from 920,000 in the previous year.
The South Korean tech giant sent experts on production facilities to mask manufacturers such as Hwajin Industrial Co. to help improve the production capacity of masks.
Through improved production processes and technology guidance, the companies succeeded in raising output to the maximum level in the short term without additional investment.
The government plans to allow not only mask manufacturers but also companies that produce hand sanitizer, medical goggles and diagnostic kits to receive support from Samsung Electronics.
So far, a total of 30 companies, including 14 mask manufacturers and eight hand sanitizer manufacturers, have applied for support.
The “Win-Win Cooperation” initiative is a project that shares infrastructure, win-win programs and know-how held by large companies with small and medium-sized enterprises and small business owners.
So far, 11 companies including Naver, KB Kookmin Bank and Hyundai Motor have participated in the project.
Kevin Lee (email@example.com)