Pasto, which received first-class certification as a smart logistics center for its excellent technological prowess, received its first interest expense support.

The Ministry of Land, Infrastructure and Transport (Minister Roh Hyung-wook) announced on the 18th that it has launched a project to support loan interest costs for smart logistics center facility investment costs, and that the Industrial Bank of Korea (Chairman Lee Dong-geol) has provided the first loan.

Loan interest support will be provided for up to KRW 150 billion over a period of seven years to businesses certified as smart logistics centers, and the support rate will be determined within a range of 2%p depending on the certification level and company size.

The first support company is Pastor Co., Ltd., a small and medium-sized enterprise, which will receive 2%p interest expense support for 7 years on the 7 billion won investment cost for automation equipment in the Yongin fulfillment center.

Pasto received the first level 1 smart logistics center certification on July 29th, and is the first in the domestic logistics industry to introduce an automated warehouse system (AutoStore) capable of robot picking and a cutting-edge sorter (SureSort) that performs sorting and packaging at high speed. It also plans to improve productivity and reduce logistics costs by utilizing autonomous driving robots and unmanned forklifts throughout logistics operations.

Pasto has over 1,500 certified Yongin centers. It was announced that it would contribute to strengthening the competitiveness of the logistics industry by providing logistics services to small and medium-sized businesses.

Jeon Hyeong-pil, Director General of Logistics Policy at the Ministry of Land, Infrastructure and Transport, said, “Pasto, a small and medium-sized enterprise, has demonstrated the power of our country’s logistics industry and small and medium-sized enterprises by receiving first-class certification for its excellent in-house technology and leading investment and being selected as the first target for interest support.” He added, “We will expand support so that the smart logistics center interest support project can serve as a catalyst for private investment, leading to the smartening of logistics facilities and strengthening of the competitiveness of the logistics industry.”