Three Star Companies Born in Yeongcheon City ... GNS, Hyochang Industry, Ibichae

Yeongcheon City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-sun] Yeongcheon City, Gyeongbuk Province, selected three companies as Yeongcheon City Star Companies on the 21st: GNS, Hyochang Industry, and Agricultural Corporation Ibi-chae.

GNS (CEO Lee Gu-hyung) is a detergent manufacturer established in March 2012, and it achieved a 143% increase in sales even during the pandemic period.

Hyochang Industry (CEO Park Hyo-jung), established in September 2007, is an asphalt concrete manufacturer that has donated 16 million KRW over the past three years. CEO Park of this company serves as the vice president of the Yeongcheon branch of the Gyeongbuk Women Entrepreneurs Association and is working to improve the status of female entrepreneurs in the region.

Agricultural Corporation Ibi-chae (CEO Chu Sung-tae), established in March 2000, is a health beverage manufacturing company that has received high evaluations in technology innovation fields, including 26 industrial property rights, 9 quality certifications, and 6 technology developments.

Yeongcheon City stated, "The three selected companies will receive benefits such as 600 million KRW in interest subsidy loans for SME working capital, exemption from the rest year system, awarding of the Star Company plaque, and participation in the 2023 Star Company Development Support Project, which includes growth strategy establishment, innovation capacity enhancement, and overseas market scale-up support."

Mayor Choi Ki-moon said, "The star companies selected this year are representative companies of Yeongcheon City that have steadfastly managed their businesses despite the pandemic, high interest rates, and high oil prices era," and added, "Yeongcheon City will actively nurture them into strong small and medium enterprises through systematic support with great interest in 'Star Companies.'"

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