2022 Euntap Industrial Medal Awarded to Jeon Myung-gi of RF Medical and Jeon Yong-ju, CEO of Ditonic

Jeon Myeong-gi, CEO of RF Medical, awarded the Silver Tower Order of Industrial Service Merit

[Asia Economy Reporter Kim Bo-kyung] Jeon Myung-gi, CEO of RF Medical, who developed the world's first high-frequency uterine fibroid ablation device, received the Silver Tower Order of Industrial Service Merit.

The Ministry of SMEs and Startups held the '2022 Venture Startup Promotion Merit Awards Ceremony' on the 15th at L Tower in Yangjae-dong, Seoul, to honor individuals who contributed to the development of venture startups and innovative growth.

Applications were accepted from April to June, recording a competition rate of 16.8:1, and the final awardees were selected through document screening, on-site inspections, and interviews.

This year, the Silver Tower Order of Industrial Service Merit was awarded to Jeon Myung-gi, CEO of RF Medical, and Jeon Yong-ju, CEO of Ditonic.

CEO Jeon Myung-gi was highly praised for developing the world's first high-frequency uterine fibroid ablation device in the domestic medical device industry, which had previously relied on finished medical devices from overseas. Ablation refers to a technology that removes fibroid cells using a needle that generates high-frequency waves.

Currently, RF Medical provides its self-developed thyroid treatment products to the global medical market, including Johns Hopkins Hospital in the United States.

Jeon Yong-ju, CEO of Ditonic, awarded the Silver Tower Order of Industrial Service Merit

CEO Jeon Yong-ju started from an in-house venture at Hyundai Motor Company and was recognized for his contribution by shortening the investigation time of COVID-19 infected persons' movement analysis tool, K-EISS, from over two days to within 10 minutes.

The Industrial Service Merit was awarded to Kim Dae-young, CEO of Knet Partners, Jung Han-seop, CEO of Twim, and Park Soon-jae, CEO of Alteogen. CEO Kim was an early investor in Krafton, which grew into a unicorn company, and CEO Jung is a representative success model of a regional software entrepreneur who led a KOSDAQ listing.

CEO Park is a biotechnologist and one of Korea's top 100 technology leaders selected by the Korean Academy of Engineering. Alteogen ranked second in the brand reputation of listed biotechnology companies conducted by the Korea Corporate Reputation Research Institute this year.

Cho Joo-hyun, Vice Minister of the Ministry of SMEs and Startups, emphasized the significance of this award by stating, "The solution to the current complex economic crisis, simultaneously occurring with interest rates, exchange rates, economic recession, and digital transformation, lies in the unique tenacity and creative innovation of venture companies."

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