Gyeongbuk Province Designates 15 Star Companies … Lee Cheol-woo Pledges Support with Sincere Dedication
[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gyeongsangbuk-do held the '2020 Gyeongbuk Star Company Designation Certificate Award Ceremony' on the 19th at the Hwabaekdang of the provincial government office, together with the Gyeongbuk Technopark Foundation (hereinafter Gyeongbuk TP).
The Star Company Development Project is a program to systematically support companies with excellent growth potential, job creation capabilities, and contributions to the local community, nurturing them into strong small and medium enterprises. In 2018, 15 companies were designated, 16 in 2019, and a total of 75 Gyeongbuk Star Companies are planned to be designated by 2022.
This year, the process started with a recruitment announcement in February, followed by eligibility review, on-site inspection, and in-depth evaluation. The final selected companies are △Seowon Tech Co., Ltd. △JS Tech Co., Ltd. △Dongbang Jeyu Agricultural Corporation Co., Ltd. △Dongju Industry Co., Ltd. △Daesung Electrical Co., Ltd. △Suntech Co., Ltd. △Jeil Machinery Co., Ltd. △SL Tech Co., Ltd. △Jungwon Industry Co., Ltd. △Taeyoung Filtration System Co., Ltd. △Yeoju T&C Co., Ltd. △Shinwoo P&C Co., Ltd. △DPM Tech Co., Ltd. △Luso Co., Ltd. △Unique Techno Co., Ltd., totaling 15 companies.
By regional specialized industries of the selected companies, they are classified as 7 companies (53.3%) in high-tech molding processing, 4 companies (26.7%) in intelligent digital devices, 3 companies (20%) in functional textiles, and 1 company (6.7%) in bio-beauty. This shows strength in the fields of high-tech molding processing and intelligent digital devices.
In particular, the 15 companies selected this year showed high growth in sales growth rate, employment growth rate, R&D investment ratio, and job creation performance. The average sales over the past three years is 16.5 billion KRW, export amount is 2.83 billion KRW, R&D investment ratio is 3.5%, and the number of regular employees reaches 55. All items showed an increase of more than 10% compared to the previous year.
After this certificate award, Gyeongsangbuk-do will enter intensive company development together with Gyeongbuk TP. This year, support of up to 40 million KRW per company will be provided for growth strategy and marketing strategy establishment, R&D planning, dedicated PM consulting, and more.
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Governor Lee Cheol-woo emphasized, "The economic outlook of Gyeongbuk, which can be said to be the area most severely affected by COVID-19, is at a serious level," and added, "The star companies selected this year are already important regional resources with technological development and growth capabilities, so we will approach this with a wholehearted and dedicated attitude to ensure they survive firmly without wavering."
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