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HP Will Lend 125 Million Dollars to SK C&C

Jan 18,1999
Hewlett Packard of the United States will lend 125 million dollars to SK C&C, a computer system provider and of SK Group.
Dick Warmington, managing director of HP's Asia and Pacific division, and Byon Jae Kuk, president of SKC&C, signed a letter of intent for financial support and a strategic alliance on January 18.
Industry affiliates analyzed HP's loan as its initial foray into the Korean market for its finance company, HP Financing and Complements Group(HP FCG). By supplying funds and leasing services, it is making a client in advance for HP FCG.
HP FCG is now lending money, leasing equipment, and providing asset management services to clients in 35 countries world-wide.


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