KIOTI Partners with Huntington Distribution Finance for Floorplan Financing Solution

Wendell, USA - Daedong-USA, Inc., (KIOTI) an agricultural machinery manufacturer, partnership with Huntington Bancshares Incorporated., a consumer banking services, to offer dealer floor plan lending solutions. Under this agreement, HDF will provide efficient and proven floorplan financing options to KIOTI dealers across the United States. This collaboration aims to streamline the floor planning and dealer onboarding processes, enhancing value for KIOTI’s expanding dealer network.

Mr. Jun Bahk, president and CEO of Daedong-USA, Inc., KIOTI Tractor Division, said, “At KIOTI, we are committed to innovation that not only strengthens our business, but also arms our dealer partners with necessary resources to foster sustainable growth. Our agreement with HDF builds on our solution-oriented approach to seamlessly streamline processes for dealer success.”

HDF delivers custom inventory finance solutions across North America, focusing on industry expertise, exceptional service, and optimized dealer onboarding. The company is dedicated to supporting business growth with comprehensive tools and services, empowering partners to succeed.

Mr. Chiwhan Yoon, Deputy CEO and CFO, said, “The strategic alliance will focus on creating simple, tailored solutions to support dealers’ growth goals – big or small. Additionally, this exclusive agreement will enhance the onboarding process for new dealers, making it even easier to integrate KIOTI equipment into their dealership. With satisfaction and efficiency at the forefront, KIOTI and HDF will offer floorplan financing improvements including flexibility, scalability, and direct access to dealer resources. This change will build on the existing financial strength of Daedong-USA and Daedong Corporation.”

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