Venture Business Association Selects 83 Companies as '2021 Excellent Venture Companies'

Outstanding Ventures Transforming the COVID-19 Crisis into Opportunity with Innovative Technologies and Products

[Asia Economy Reporter Kim Cheol-hyun] The Korea Venture Business Association (Chairman Kang Sam-kwon) announced on the 15th that it has finally selected 83 venture companies as the '2021 Excellent Venture Companies' across a total of 7 categories, targeting unlisted venture companies.

Now in its 6th year, the Excellent Venture Company selection project was conducted to share the achievements of venture companies and support the sustainable growth of the selected companies. Applications were accepted from unlisted venture companies, and a comprehensive evaluation was conducted based on management performance over the past three years, including innovation, growth potential, and job creation.

The 83 companies selected as excellent ventures were evaluated to have achieved outstanding results in each category despite the prolonged COVID-19 situation and economic conditions, showing growth potential to lead new industries. In particular, venture companies that turned the COVID crisis into an opportunity with innovative technologies and products stood out.

First, in the sustainable growth category, a total of 27 companies were selected, showing an average sales scale of 18.6 billion KRW, sales growth rate of 115%, and operating profit margin of 18.3%. Among them, the top company was Aha Information & Communication (CEO Gu Gi-do). In the job creation category, 25 companies were selected, with an average employment size of 57.8 employees and an employment growth rate of 63.3%. The top company was Fine Solution (CEO Lee Ki-yeon).

In the global category, 12 companies were selected, showing an average export scale of 7.9 billion KRW, export ratio to sales of 61.8%, and export growth rate of 100.5%. Among them, the top company was Clever (CEO Jung Jong-hong). In the research and development category, 22 companies were selected, with an average of 30 intellectual property rights held and a research and development expenditure ratio to sales of 100.8%. The top company was BA Energy (CEO Kang Tae-young). In the startup category, 11 companies less than three years old were selected considering innovation and growth potential, with Brexogen (CEO Kim Soo) chosen as the top company.

Kang Sam-kwon, Chairman of the Korea Venture Business Association, said, "We will spare no support so that venture companies that have shown excellent performance and growth potential despite difficult conditions can grow further and sustain the second venture boom."

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