7 Promising Gyeongbuk Pride Companies Selected... Daedal Industry, Seoil, Teske, Formus, Hanseung Chemical, and More

Gyeongbuk Provincial Government Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-sun] Gyeongbuk Province selected seven Gyeongbuk Pride companies on the 16th that possess independent technological capabilities and growth potential.

The seven newly designated companies are Daedal Industry (Yeongcheon), DSTech (Pohang), Seoil (Gumi), JY Autotech (Gyeongju), Tesk (Gimcheon), Formus (Gyeongsan), and Hanseung Chemical (Pohang).

Daedal Industry manufactures cosmetic diluents and preservatives and exports them worldwide. It has a high export ratio relative to sales and has acquired numerous EU and international certifications to grow into a global company.

Also, DSTech was selected for the Ministry of SMEs and Startups’ ‘2022 Smart Manufacturing Innovation Technology Development Project’ and is pioneering technology development utilizing AI-based machine learning.

Seoil produces food packaging materials, window films, and home appliance exterior materials through aluminum vacuum deposition. Recently, it developed transparent barrier film domestically for the first time, which had been exclusively supplied from Japan, and is applying it to retort food packaging materials.

JY Autotech is a company producing automotive interior and exterior sound absorption parts and was selected as a Global Small Giant Company by the Ministry of SMEs and Startups this year.

Tesk’s main product is vehicle exhaust emission reduction devices, and it recently developed high-pressure piping for hydrogen fuel cells to respond to future market changes.

Formus produces office and educational furniture as well as interior furniture, exporting to Middle Eastern regions such as the United Arab Emirates even amid the COVID-19 crisis. Hanseung Chemical manufactures various wastewater treatment agents such as aluminum sulfate under the brand name ‘Paranuri’ and is known as a leading company in the water industry.

The number of Gyeongbuk Pride companies has increased from 10 in 2007 to 89 to date.

Gyeongbuk Pride companies possess independent research and development capabilities and actively participate in national projects; this year alone, 12 companies were selected for 15 national projects worth 29.3 billion KRW.

Gyeongbuk Province is conducting support projects across various fields such as promotion and networking, strengthening innovation capabilities, and overseas market scale-up to nurture Gyeongbuk Pride companies as Gyeongbuk-type small giants.

Additionally, to meet corporate demands, next year new projects will be launched, including ESG and carbon-neutral management support, digital transformation and new business promotion support, and overseas marketing support projects such as overseas market development, which had been suspended due to COVID-19, will also resume.

Lee Cheol-woo, Governor of Gyeongbuk Province, said, “Gyeongbuk Pride companies are resilient firms growing despite difficulties such as COVID-19 and are achieving outstanding results in government brand company selections. Gyeongbuk Province will actively support these excellent companies so that local firms can expand beyond Gyeongbuk to the world.”

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