KB Financial Group Recruits Second Round of Participants for 'Industrial Safety Support Project for SMEs'
Support Provided for Building Industrial Safety Infrastructure for 446 Companies in the First Phase
Ongoing Support for Outstanding Performers and Enhanced Industrial Accident Prevention
Recruitment of 17 Additional Supplier Companies for Participation in the Second Phase
KB Financial Group announced on August 27 that, together with the Small & Medium Business Corporation, it has completed the first phase of the 'Industrial Safety Support Project for Small and Medium-sized Enterprises,' which supports industrial accident prevention and the creation of a safe work environment for SMEs. The group will now recruit additional companies to participate in the second phase of the project.
This initiative was established to provide customized on-site safety solutions to SMEs that may find it difficult to build sufficient industrial safety infrastructure, and to discover and foster suppliers with advanced technologies and systems in industrial safety. KB Financial Group will provide the entire project budget of 7 billion won.
A total of 446 companies (including 50 suppliers and 396 demand companies) participated in the first phase of the project, which was conducted over approximately three months since April. KB Financial Group and the Small & Medium Business Corporation connected suppliers with industrial safety technologies and products to SMEs requiring safety improvements, and provided tailored industrial safety solutions according to each company’s industry and work environment, including on-site improvements, safety equipment supply, and safety education and consulting.
This project is operated under a 'performance-linked social contribution model' so that the support does not end as a one-time effort and is instead connected to additional follow-up support through actual on-site outcomes. However, companies that show insufficient results will be excluded from further support.
In addition, to build on the achievements of the first phase and discover innovative industrial safety technologies and solutions, 17 new supplier companies will be recruited for the second phase. Recruitment for participation in the second phase began on August 25 and will continue until September 4. Detailed information, including eligibility and application procedures, can be found on the website of the Small & Medium Business Corporation.
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Kim Jinwook, CEO of Hi-El, a beneficiary company in the on-site improvement category, stated, “It is a reality that SMEs face difficulties building safety systems on site due to cost burdens. The Industrial Safety Support Project for Small and Medium-sized Enterprises has been very helpful, as it not only identifies potential blind spots in site safety, but also greatly increases safety awareness among employees.”
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