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Samsung to share production solutions with textile firms

All Headlines 10:18 April 08, 2016

By Kang Yoon-seung

SEOUL, April 8 (Yonhap) -- Samsung Electronics Co. said Friday it will share its know-how with local textile producers, helping them to adopt more efficient production solutions and seek shared growth.

Samsung said it will provide the solutions to 16 textile firms based in Gyeonggi Province under an agreement with the Center for Creative Economy & Innovation based in the region.

The government has been opening up so-called creative economy centers throughout the country sponsored by conglomerates, aimed at bolstering the development of ventures through merging various industries with information and communications technology.

Samsung said the companies will receive support in establishing enterprise-resource planning (ERP) solutions, which aim to connect various areas of business, from manufacturing and procurement to accounting, for more efficient management procedures.

Gyeonggi Province is the home to some 1,500 small-and-medium sized textile companies. But the companies there were reluctant to adopt ERP solutions due to financial issues.

The Ministry of Science, ICT, and Future Planning, which promotes the creative economy policies, said it plans to apply smarter production solutions to 1,000 small-and-medium firms throughout the country.

colin@yna.co.kr
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