"True Friends in Difficult Times" ... Dongmyeong University Visits Family Companies to Share Concerns

Seeking Support Measures for Family Businesses Amid COVID-19 Crisis Until Year-End
Dongmyeong University LINC+ Project Team Listens to Challenges and Explores Cooperation Plans

Dongmyung University has decided to visit partner companies experiencing difficulties due to the COVID-19 crisis by the end of the year to listen to their concerns and provide necessary support.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] “Let's find ways to help our partner companies.” The university is taking care of its ‘family companies’ with which it has collaborative relationships such as industry-academia cooperation.

They visit to listen to their difficulties and think together about ways to assist or provide alternative support. This is the case at Dongmyung University in Busan.

Dongmyung University (President Jeong Hong-seop) has decided to visit family companies struggling due to COVID-19 one after another until the end of the year. They plan to listen to the companies' challenges and propose various cooperation and support measures.

The university’s LINC+ Project Group (Director Shin Dong-seok) Corporate Collaboration Center visited Daesung Comprehensive Heat Treatment (CEO Park Jong-gyu), a family company located in Banyeong Industrial Complex, Jang-an, Gijang-gun, Busan, which is doing its best despite the economic downturn caused by COVID-19, on the 17th.

The center listened to voices from the field and discussed practically feasible support measures.

On that day, they inspected the smart factory construction site by process and first heard about the economic situation due to COVID-19 and recent difficulties caused by typhoon damage.

The university decided to prioritize figuring out how to help and to take care of what they can assist with first.

Daesung Comprehensive Heat Treatment is a family company that achieves annual sales growth through industry-academia cooperation with Dongmyung University LINC+ Project Group in research and development, establishing robotic automation of manufacturing equipment, and excellent technology in the heat treatment field.

Director Shin Dong-seok said, “Recently, about 8% of family companies have closed down,” adding, “We will support family companies doing their best amid COVID-19 difficulties, reflect their on-site grievances, and prepare practical business support measures.”

The LINC+ Project Group plans to continue visiting excellent family companies until the end of the year to listen to voices from the field and seek support measures.

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