Gyeongnam Regional Small and Medium Business Administration Holds Plaque Award Ceremony for 9 Regional Innovation Leading Companies in Gyeongnam Area

Selected Companies to Build Collaborative Consortiums with Enterprises and Universities to Promote R&D and Other Projects

The Gyeongnam Regional Small and Medium Venture Business Administration of the Ministry of SMEs and Startups held a plaque awarding ceremony for nine companies selected as part of the 100 Regional Innovation Leading Companies.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Song Jong-gu] On the 13th, the Gyeongnam Regional Small and Medium Venture Business Administration under the Ministry of SMEs and Startups held a plaque awarding ceremony for 9 companies selected as part of the ‘Top 100 Regional Innovation Leading Companies’ project, together with Gyeongsangnam-do and Gyeongnam Technopark.

Among the small and medium enterprises selected for the Top 100 Regional Innovation Leading Companies project, Eco Mom’s Mountain Village Baby Food (located in Hadong-gun) is a company that develops, produces, and distributes baby food using local agricultural products as raw materials. Through market expansion in domestic department stores and large marts, it achieved sales of 13 billion KRW last year.

Jinyoung TBX (located in Changwon City) is a company that localized turbine blades, a core component of power generation equipment. It produces more than 70% of turbine blades for domestic power plants in cooperation with Doosan Enerbility, and its technological capabilities have been recognized by overseas turbine manufacturers, recording exports exceeding 5 million USD last year.

After the plaque awarding ceremony, the Gyeongnam Regional Small and Medium Venture Business Administration held a meeting with five related organizations including Gyeongsangnam-do to identify regulations and listen to difficulties faced by the ‘Regional Innovation Leading Companies’.

Choi Yeol-su, head of the Gyeongnam Regional Small and Medium Venture Business Administration, said, “Congratulations to all 9 companies selected for the Top 100 Regional Innovation Leading Companies project. The Gyeongnam Regional Small and Medium Venture Business Administration and related organizations will work together to support these leading companies so that they can leap beyond the regional economy to become global enterprises.”

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