Im Byung-hoon, New Inno-Biz Association President, "Will Expand Inno-Biz Globalization Model Through Smart Factory Exports"

Goal to nurture 1,000 companies with 100 billion KRW in sales and create 1 million jobs
Establishing a 'Real-time Production Collaboration System' for sharing manufacturing big data among Inno-Biz companies

The Inno-Biz Association (Small and Medium Business Technology Innovation Association) held a press conference for the inauguration of the new president, Lim Byung-hoon, on the 24th at the Imperial Palace Hotel in Gangnam-gu, Seoul. Photo by Inno-Biz Association

[Asia Economy Reporter Kim Heeyoon] "While product exports are important, we will focus on expanding the Inno-Biz globalization model by establishing overseas forward bases that export smart factories."

The Inno-Biz Association (Small and Medium Business Technology Innovation Association) held the inauguration ceremony for its 10th president on the 24th at the Imperial Palace Hotel in Gangnam-gu, Seoul.

At the press conference held prior to the inauguration ceremony, newly appointed President Lim Byung-hoon expressed his ambition as his inaugural address: “We will establish a real-time production collaboration system that shares manufacturing big data among Inno-Biz companies through industry-specific and regionally specialized industrial base value chain clusters.”

President Lim also emphasized leading the cultivation of 1,000 companies with sales of 100 billion KRW and achieving 1 million jobs.

Furthermore, he presented a vision based on the core values of AI transformation, win-win collaboration, and globalization. Regarding concrete actions, he announced the Smart 5 major strategies and 10 key tasks: ▲Leading manufacturing innovation Inno-Biz ▲Promoting Inno-Biz win-win collaboration ▲Strengthening Inno-Biz growth capabilities ▲Establishing a customized job support system ▲Becoming a leading institution in export paradigm transformation.

First, the association will focus on nurturing AI-based intelligent enterprises so that Inno-Biz companies can lead manufacturing innovation through smart business beyond smart factories, and support the servitization of manufacturing industries.

Additionally, to promote joint growth and lead social responsibility through collaboration among companies, it will promote win-win collaboration between smart factory companies and support the expansion of ESG (Environmental, Social, Governance) management.

Next, to strengthen the capabilities for Inno-Biz companies to grow beyond scale-up to unicorn companies, it will reform the Inno-Biz system from a scale-up perspective and establish a customized support policy information matching system through the Inno-Biz ABC (AI, Big Data, Cloud) platform.

Along with this, the Inno-Biz Association plans to lead the establishment of a customized job support system so that member companies can become a cradle for nurturing innovative talent in Korea by supporting the training and redeployment of digital professionals and building a company-tailored job support system.

Moreover, to become a leading institution in the export paradigm transformation of smart factories and the materials, parts, and equipment (SoBuJang) industry, it will continue to expand the Inno-Biz globalization model and support technology-based post-COVID-19 responses.

Newly appointed President Lim Byung-hoon stated, “Marking 20 years of the Inno-Biz system that has led the scale-up of small and medium enterprises, I will do my best to lay the foundation for the next 20 years,” adding, “Under the slogan ‘Leading manufacturing innovation Inno-Biz, manufacturing powerhouse Korea,’ Inno-Biz companies will establish themselves as the execution center and main actors of manufacturing SME policies and become game changers leading the post-COVID-19 era.”

President Lim Byung-hoon was born in 1958 in Boseong, Jeonnam, graduated from Chosun University with a degree in Precision Mechanical Engineering, and founded Telstar Hommel Co., Ltd. (located in Pyeongtaek, Gyeonggi) in 1987. The company produces AI smart factory platforms, automation equipment, and precision measuring instruments.

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