Bang Moon-kyu, President of Su-eun Bank, Pledges "Comprehensive Financial Support" to Korea New Deal's Small Giants

Visiting Jeonju's Green New Deal Company 'Vinatech' Producing Hydrogen Fuel Cell Materials and Energy Storage Devices
Bang Haengjang: "We Will Provide Comprehensive Financial Support to Promote Globalization of Korea New Deal Industries"

Visiting Kyu Bang, President of the Export-Import Bank (center in the photo), toured the interior of the factory at Vinatech in Jeonju, Jeonbuk, which is engaged in the Korean New Deal project on the 28th.

[Asia Economy Reporter Kangwook Cho] Bang Moon-kyu, President of the Export-Import Bank of Korea, visited small and medium-sized enterprises engaged in the Korean New Deal project and promised active financial support to secure competitiveness.

The Export-Import Bank of Korea announced that President Bang visited Vinatek, located in Jeonju, Jeollabuk-do, on the morning of the 28th to listen to the difficulties faced by the related industry.

Vinatek is a company that produces medium-sized super capacitors, a type of energy storage device, holding about 20% of the global market share in this sector. This storage device stores a large amount of electricity at once and releases it instantaneously as needed. It is used in devices requiring rapid charging and discharging and is emerging as a complementary product to secondary batteries. Vinatek is also engaged in the hydrogen fuel cell materials and components business, which directly converts power through electrochemical reactions between hydrogen fuel and oxygen in the air.

Seong Do-kyung, CEO of Vinatek, said at the meeting, "Along with super capacitors, a key component of the Korean New Deal, we expect a significant increase in global demand for core materials of hydrogen fuel cells such as supports, catalysts, and MEA." He added, "To continuously develop technology and invest in facilities for market preemption and competitiveness enhancement, active financial support from the Export-Import Bank is necessary." MEA (Membrane Electrode Assembly) is a film-type assembly in hydrogen fuel cells that induces the chemical reaction between oxygen and hydrogen to convert it into electrical energy.

In response, President Bang said, "To promote the globalization of New Deal industries by securing the competitiveness of small and medium-sized enterprises, we will spare no comprehensive support to ensure that companies receive timely and smooth funding for research and development (R&D), facility investment funds, operating funds necessary for exports, and overseas investment funds required for overseas market development."

In the afternoon of the same day, President Bang continued his on-site management by visiting Hyosung Advanced Materials in Jeonju, which manufactures carbon fiber, to listen to the financial sector's difficulties in driving the growth engine of the Green New Deal industry.

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