Visiting Gyu Soo-eun, President of Su-eun Bank, Starts New Year's First Field Visit... Visits Gwangju Small and Medium Materials and Parts Strong Small Enterprises

Visiting Kyu Su-eun, President of KDB (right), visited Oisolution, a strong small and medium-sized enterprise in the materials, parts, and equipment sector located in Gwangju Metropolitan City, on the afternoon of the 14th as his first on-site communication step of the new year, listening to the difficulties of the related industry. From the left in the photo: Park Yong-gwan, CEO of Oisolution; Park Hwan, Vice President of Oisolution; Visiting Kyu Su-eun, President of KDB. Photo by Park Yong-gwan

[Asia Economy Reporter Kangwook Cho] Bang Won-kyu, President of the Export-Import Bank of Korea, visited a strong small and medium-sized enterprise (SME) in the materials, parts, and equipment sector located in Gwangju Metropolitan City as his first on-site communication activity of the new year.

The Export-Import Bank of Korea announced on the 15th that President Bang visited Oisolution, a wired and wireless communication equipment parts manufacturer based in Gwangju, on the 14th to listen to the difficulties faced by the related industry.

Oisolution is a strong SME that manufactures and exports core components of 5th generation (5G) mobile communication, such as optical transceivers and smart transceivers. Optical transceivers are key components that enable optical communication by mutually converting electrical signals and optical signals in optical communication transceivers such as large-capacity routers and switches.

Recently, the company has been collaborating with the Electronics and Telecommunications Research Institute (ETRI) to localize optical devices (laser diodes), which account for about 30% of the cost of optical transceivers. Once product development is completed and commercialized, it is expected to replace imports of optical devices currently imported from Japan and the United States.

Park Yong-kwan, CEO of Oisolution, said, "To grow into a global top 5 telecommunications equipment company, we plan to continuously develop world-first technologies and dominate the 5G mobile communication optical transceiver market," adding, "To become a globally recognized strong SME, expanded financial support for product research and development is necessary."

In response, President Bang said, "The Export-Import Bank will make its best efforts to ensure smooth funding for M&A, R&D, and facility investments necessary to secure core technologies of excellent SMEs in the materials, parts, and equipment industry."

President Bang has continued his on-site communication activities by visiting client companies and the Busan and Changwon branches of the Export-Import Bank last November to listen to voices from the field and encourage financial support. This year, the Export-Import Bank plans to provide 18.5 trillion KRW in policy financing to the materials, parts, and equipment sector.

This content was produced with the assistance of AI translation services.