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    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

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    NHRC, India takes suo motu cognisance of the reported death of three prisoners in two days in the jails of Varanasi, Uttar Pradesh

    Government to celebrate International Day against Drug Abuse and Illicit Trafficking on 26th June, 2025

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    Vice-President to visit Uttarakhand from 25th-27th June, 2025

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    Mutual Funds vs Stocks: Which is Suitable for Beginners?

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    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

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    Board Games & Brews: McCafé hosts community Game Night

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

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  • Home
  • World

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

    Tobacco control efforts protect 6.1 billion people – WHO’s new report

    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

    Beat the monsoon greys in style with India’s first UPF resort-wear line by Meghna Ghodawat

    Jamaica Tourism Launches a Brand-New Campaign “70 Days of Jamaica Love” to Celebrate 70 Years of Jamaica

  • National
    • All
    • Economy & Politics
    • Election

    NHRC, India takes suo motu cognisance of the reported death of three prisoners in two days in the jails of Varanasi, Uttar Pradesh

    Government to celebrate International Day against Drug Abuse and Illicit Trafficking on 26th June, 2025

    Board Games & Brews: McCafé hosts community Game Night

    Apollo Cancer Centres Launches ‘CanWin’.

    Vice-President to visit Uttarakhand from 25th-27th June, 2025

    DGCA carries out comprehensive surveillance at major airports, including Delhi and Mumbai

  • Business

    Mutual Funds vs Stocks: Which is Suitable for Beginners?

    IDFC FIRST Bank Introduces UPI Services for NRI Customers Across 12 Countries

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

  • Health

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

    WHO issues first global guideline to improve pregnancy care for women with sickle cell disease

  • Technology
    • All
    • Environment
    • Science

    AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025

    U.S. Insurers to More than Double AI Investment in the Next 3-5 Years: Wipro Report

    Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan to visit Hyderabad on Monday

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

  • Auto

    DGCA carries out comprehensive surveillance at major airports, including Delhi and Mumbai

    India Opens Doors to Global EV Giants with Portal Launch under SPMEPCI

    Force Motors along with BMW Group India Celebrates the Roll-Out of its 100,000th engine from the Chennai Plant

    Clara Luciani, Kavinsky & Please Join the Line-Up of Renault’s festiv4L

  • Sports

    BCCI mourns the passing of Dilip Doshi

    Amruta Fadnavis Ropes in Arjun Kapoor & Nushrratt Bharuccha for Soulful Yoga Day with 1,000 Marginalised Women

    Union Minister Dr. Mansukh Mandaviya leads Fit India Sundays on Cycle in New Delhi in collaboration with Yogasana Bharat; Says Even One Pedal in cycle is Making India a Fitness Powerhouse

    It’s a Numbers Game – Statistical Deep Dive of the GMR Rugby Premier League after Week 1

  • Entertainment

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

  • Lifestyle
    • All
    • Food
    • Travel

    Board Games & Brews: McCafé hosts community Game Night

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

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Chairman Cho Hyun-joon of Hyosung Says Will Provide Banking Service to Enhance Quality of Life of Low-income People of Mexico

by FWM
November 29, 2019
in National
0

Chairman Cho Hyun-joon of Hyosung Group (left) had a meeting with President Andres Manuel Lopez Obrador of Mexico (right) recently at the Presidential Palace in Mexico City to discuss ways of cooperation between the two parties, including the ‘Rural ATM Project.’ (Photo: Business Wire)

November 28, 2019 03:54 AM Eastern Standard Time

SEOUL, South Korea–(BUSINESS WIRE)–Hyosung TNS, an IT subsidiary of Hyosung (KRX:004800), is ready to supply ATMs to Mexico.

“I will exert my utmost effort to contribute to improving quality of life of low-income people and enhancing welfare delivery systems in Mexico by successfully fulfilling the Rural ATM Project.”

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Hyosung TNS received an order for full supply of 8,000 units of ATMs (in value of KRW203 billion) needed for the ‘Rural ATM Project’ of Mexico. With successful contract for supplying ATMs for the project led by Chairman Cho Hyun-joon from early stage, Hyosung TNS is expected to increase its share in ATM market in Mexico from the current 2% to 15%, solidifying its position in the market.

The Rural ATM Project, a part of welfare policy for low-income people of Mexico, is designed to establish welfare centers in every rural village and install ATMs of the social welfare bank in villages, allowing low-income people to withdraw government subsidies directly from ATMs.

The government of Mexico has been supporting living of vulnerable people by directly delivering cash to them. But beneficiaries in rural areas actually received 60~70% of government allowances as they have to pay transportation costs to move to receive allowances or pay cash delivery fees. To address this situation, the government is implementing the Rural ATM Project.

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Having started his term of office in December last year, President Andrés Manuel López Obrador of Mexico was called the ‘Champion of the Needy Class’ as he implemented policies of improving infrastructure and supporting needy class of people when he served as the mayor of Mexico City in the past. In April this year, President López Obrador clarified the position that he would continue welfare policy for low-income people by announcing the ‘National Development Plan 2019-2024’ that included provision of pension to senior citizens and disabled people, support scholarships for low-income people, and youth support program.

At the meeting with President López Obrador held on November 5, 2019 at the Presidential Palace in Mexico City, Chairman Cho Hyun-joon assured his commitment, saying, “I will exert my utmost effort to contribute to improving quality of life of low-income people and enhancing welfare delivery systems in Mexico by successfully fulfilling the Rural ATM Project.”

Tags: Hyosung TNS

FWM

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