What is factoring ?

Factoring is a financial service that loans money by purchasing trade receivables or trade bills issued by a company and discounting the amount until the expiry date.

  • Service target: Trade receivables or trade bills resulting from commercial transactions between affiliates of Hyosung Group and other companies.
  • Loan period: Until expiry date of trade receivables or trade bills (average 1-3 months)

Chief representatives

  • Strategic Planning Team
  • Sungkwang Min
  • TEL: 02-2018-0675
  • FAX: 2018-0552~0553 

* These are the numbers for those responsible for each of the business areas.

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Contact Target : Power&Industrial System / Power System PU

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