COVID-19, Typhoons, War: Despite Adversities, Gyeongbuk Exports Increased... Daegu-Gyeongbuk Trade Day, 77 Gyeongbuk 'Export Towers' Erected

$500 Million Export Tower Awarded to EcoPro EM and POSCO Steelion

'Export Tower' Increased from $200 Million Last Year to $500 Million This Year

At the 59th Trade Day event, attendees including Hong Jun-pyo, Mayor of Daegu (second from the right), and Lee Cheol-woo, Governor of Gyeongbuk Province (fifth from the left), are participating in the national ceremony.

On the 8th, the Trade Day awards ceremony is being held at the Daegu Inter-Burgo Hotel.

[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-seon] Despite COVID-19, Typhoon Hinnamnor, and the Ukraine-Russia war, this year’s export volume of Gyeongbuk companies increased by more than 6% compared to last year.

Gyeongbuk Province announced on the 11th that it held the ‘59th Trade Day’ Daegu-Gyeongbuk event on the 8th at the Daegu Inter-Burgo Hotel Convention Hall.

On this day, about 300 people including businesspeople, their families, and export-related organizations attended, and the Export Tower and merit awards ceremony were held to commemorate Trade Day.

Gyeongbuk Province expects to smoothly achieve $47 billion in exports this year despite the aftermath of COVID-19, Typhoon Hinnamnor, and the Ukraine-Russia war.

This is a 6.2% increase from last year and is seen as the result of local companies actively responding and aggressively targeting overseas markets despite difficult circumstances.

On this day, the province presented 77 Export Towers, along with 27 central awards including the Bronze Tower Industrial Medal, and 26 Governor’s commendations.

First, the $500 million Export Tower awards went to Ecopro EM (CEO Park Jong-hwan), POSCO Steelion (CEO Seo Yuran); the $400 million Tower to PNT (CEO Kim Jun-seop); the $100 million Tower to Ecopro Innovation (CEO Kim Yoon-tae) and Geosang (CEO Moon Jae-hee), among others.

Also, the $70 million Tower was awarded to DYC (CEO Lee Jong-hoon), the $50 million Tower to three companies including Gyeongbuk Tongsang, and 68 companies received awards below $30 million.

In the subsequent awards ceremony, Samkwang CEO Kim Jin-woo received the Bronze Tower Industrial Medal; Youngjin Hightech CEO Kim Myung-ho and Hwangjo CEO Moon Byung-dae received the Presidential Citation; and Jungwon Industry Executive Director Kim Ho-dong received the Prime Minister’s Citation.

It is notable that the Export Tower award increased from $200 million last year to $500 million this year at this ceremony.

Lee Cheol-woo, Governor of Gyeongbuk Province, said, “Despite difficult conditions this year, companies put all their efforts into establishing export strategies, and the province recognized the emergency economic situation in advance and supported companies with active measures, resulting in good outcomes.”

The governor emphasized, “We will continue to do our best to attract companies to the Gumi and Pohang industrial complexes and to achieve more investment and better export results in the region through the cutting-edge modernization of the sixth industrialization of agriculture.”

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