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KDB Joins 5G Smart Factory Alliance
Published2019.07.01 09:32| KDB Industrial Bank Investment Review and Financial Support Added
Expanding Investment in Promising SMEs Through 5G-SFA Subscription
SK Telecom and KDB Industrial Bank announced on the 30th that they have signed a business agreement to jointly spread social value through the promotion of a manufacturing renaissance and the nurturing of innovative ventures.
Park Jin-hyo, Head of SK Telecom's ICT Technology Center
At the signing ceremony held at SK Telecom's headquarters in Seoul on the 28th, officials including SK Telecom's Park Jin-hyo, Head of the ICT Technology Center, KDB Industrial Bank's Jang Byung-don, Head of the Innovation Growth Finance Division, and Song Byung-hoon, Head of the Smart Manufacturing Innovation Center, agreed to work together on various support efforts for the commercialization of promising technologies.
Through this agreement, KDB Industrial Bank not only participates in the direct evaluation when selecting items for SK Telecom’s in-house promising technology commercialization program ‘Stargate,’ but also jointly reviews and conducts the investment screening and assessment of financial support.
Both companies plan to gradually discuss ways for SK Telecom to participate as a business partner and provide technology support to companies invested in by KDB Industrial Bank.
KDB Industrial Bank has decided to expand investment in promising small and medium-sized enterprises by joining the '5G Smart Factory Alliance (5G-SFA),' led by SK Telecom and the Smart Manufacturing Innovation Center.
5G-SFSK Telecom is the only telecommunications company participating in A, and 29 diverse companies and organizations, including Samsung Electronics, Microsoft, Omron, and Bosch, are currently collaborating.
Jang Byeong-don, Head of the Innovation Growth Finance Division at KDB Industrial Bank, stated, “KDB Industrial Bank is expanding its investment in the ICT industry that will change the future, and through this collaboration with SK Telecom and the joining of 5G-SFA, we plan to actively contribute to helping Korea’s manufacturing industry secure the driving force for innovative growth.”
Park Jin-hyo, Head of SK Telecom’s ICT Technology Center, said, “Through collaboration with KDB Industrial Bank, we have laid the foundation for the more stable commercialization of SK Telecom’s promising innovative technologies,” adding, “With KDB Industrial Bank joining 5G-SFA, we expect to create a value chain that encompasses the entire smart factory sector, going beyond simple investments at the individual company level.”
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