Daejeon City and 15 Companies Including D&C Company Selected as 'Star Companies'

Daejeon City Deputy Mayor of Science Myungsoo Kim (right) and D&C Company Head of Division Junsung Kim (left) are posing for a commemorative photo after the Star Company designation certificate handover ceremony. Photo by D&C Company

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Fifteen local companies, including D&C Company, have been selected as Daejeon Star Companies.

On the 22nd, the city announced that it held a certificate and plaque presentation ceremony for the selected companies of the '2022 Daejeon Star Companies' along with their representatives at the Daejeon Technopark Eoullim Plaza.

Star Companies are selected from small and medium-sized enterprises whose headquarters are located in Daejeon and are engaged in industries related to the region's key industries, with an average sales revenue of 5 billion KRW or more but less than 40 billion KRW over the past three years (for bio companies, 2.5 billion KRW or more but less than 40 billion KRW).

This year, the companies named as Star Companies include eight in the biomedical field: D&C Company, Vinoc, Smart Korea, Small Lab, Y-Biologics, Witech Corporation, Cosmo Bio, and Humas; one in the intelligent robotics field: Duseong Technology; and six in the next-generation wireless communication field: Deoksan Nepcores, Latechron, Soltop, Sysmate, ASB, and GPNE.

The selected Star Companies will maintain their status as regional Star Companies for three years (up to five years). In the first year of designation, the city supports the Star Companies with up to 40 million KRW for corporate growth strategy consulting, dedicated PM, organizational diagnosis, and customized commercialization support.

Additionally, benefits such as preferential interest rates on SME development funds and increased loan limits are provided as linked support.

Since 2018, through the regional Star Company development project, the city has annually selected about 15 SMEs with high growth potential and excellent value-added creation capabilities as Star Companies and has focused on nurturing them. To date, a total of 76 local companies have been designated as Star Companies.

Kwon Kyung-min, head of the city's Future Industry Division, said, "We will strengthen support so that regional Star Companies can lead the overcoming of the COVID-19 crisis, promote co-growth with local companies, and contribute to corporate growth and regional economic revitalization."

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