Wonbong Receives '2020 FTA Utilization Meritorious Ministerial Commendation'

Selected as an Excellent Company Utilizing FTA Agreements
Exporting to Over 60 Countries Including Europe, ASEAN, the US, and China... Promoting the Excellence of Korean Products

Wonbong received the Minister's Commendation for Excellence in Utilizing FTAs. From the left, Kim Sang-shin, Vice President of Wonbong, Na Seung-sik, Director of Trade and Investment at the Ministry of Industry. Photo by Wonbong

[Asia Economy Reporter Kim Heeyoon] Wonbong, a company specializing in environmental home appliances, announced on the 11th that it received the '2020 FTA Utilization Meritorious Ministerial Commendation.'

At the 2020 FTA Utilization and Domestic Supplementary Measures Meritorious Person Awards hosted by the Ministry of Trade, Industry and Energy and organized by the Korea International Trade Association, Wonbong was honored with the ministerial commendation in recognition of its contributions to leading FTA utilization and export vitality.

Wonbong exports clean home appliances such as water purifiers, hot and cold water dispensers, and air purifiers to over 60 countries including Europe, ASEAN, the United States, and China. Since actively entering the export market from its early days, Wonbong has contributed to Korea's export economic growth. Since 2018, it has participated in the Ministry of Industry's FTA utilization support project and obtained the 'Certified Exporter of Origin by Item' in 2019. Utilizing this, Wonbong accelerated the expansion of the European and ASEAN markets, according to the company.

According to Wonbong, in the Singapore market, Korea's second FTA partner country, sales increased by approximately 127% after utilizing the FTA in 2018, and it achieved the top position in water purifier exports among domestic companies during 2019 and the first to third quarters of 2020.

Kim Sangshin, Vice President of Wonbong, said, “Wonbong, with over 60% of its total sales focused overseas, has received much love from customers worldwide by realizing the Korea Premium through product innovation and excellent quality.” He added, “In the increasingly competitive global market, we will strive to maintain our original spirit and present safer and superior products.”

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