Chairman Kim Hak-do Visits Electric Vehicle Parts Manufacturing Companies in Sejong Region

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Kim Hak-do, Chairman of the Korea Institute for Advancement of Technology (right), is visiting the site of MIT Korea, an electric vehicle parts manufacturing company in the Sejong area, on the 12th to receive an explanation.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (hereinafter referred to as SBC) announced on the 12th that Chairman Kim Hak-do visited MIT Korea, an electric vehicle and autonomous driving vehicle parts and equipment manufacturing company located in Sejong City, to inspect the research and development and production sites and listen to difficulties.

Before visiting the company site, Chairman Kim checked the status of the Sejong Regional Headquarters. SBC decided to establish the Sejong Branch Office in April last year and the Sejong Regional Headquarters in November to strengthen policy support for small and medium enterprises in the Sejong, Gongju, Buyeo, Cheongyang, Boryeong, and Seocheon areas. This year, the Sejong Regional Headquarters will be officially launched and is scheduled to open in Naseong-dong, Sejong City at the end of February.

Chairman Kim then visited the site of MIT Korea (CEO Han Sung-gu). Established in 2000, MIT Korea is a representative company in the Sejong area manufacturing electric vehicle parts. Currently, it supplies steering devices applied to the Hyundai Genesis G80 and has independently developed and supplied aluminum steering devices for electric vehicles and automatic parking parts manufacturing equipment.

SBC highly evaluated the growth potential of MIT Korea, which is transitioning from internal combustion engine vehicle parts to future vehicles, and supported development technology commercialization funds for technology development and commercialization.

Chairman Kim said, "SBC will invigorate the Sejong regional economy by newly opening the Sejong Regional Headquarters and actively discover and support innovative companies that will lead growth in new industries such as autonomous driving." He added, "We will also support Sejong regional companies in securing future competitiveness through business transformation and manufacturing process innovation, enabling them to play a pivotal role in national economic development."

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