Ministry of Industry Designates 45 Excellent Corporate Research Institutes... 90 Billion KRW Support Over 4 Years

The Ministry of Trade, Industry and Energy has designated 45 companies as Excellent Corporate Research Centers (ATC) and decided to support them with approximately 90 billion KRW over four years (around 500 million KRW per company annually).

On the 5th, the ministry selected 45 research centers affiliated with small and medium-sized enterprises and mid-sized companies that have been established for more than five years and have 8 to 30 research personnel, recognizing those with outstanding R&D capabilities. Additionally, the ATC Technology Innovation Award (Ministerial Commendation) was presented to five researchers who produced exceptional research results.

The companies receiving the ATC designation this time will be supported with about 90 billion KRW over the next four years to focus on developing innovative products and services in future strategic industrial sectors such as smart manufacturing, energy, and environment.

These companies can autonomously select and carry out research projects suited to their characteristics, achieving superior results compared to other national R&D programs. In particular, the number of patent applications is more than 1.5 times the average of other projects, and commercialization sales exceed twice the average, demonstrating excellent research outcomes.

Lee Min-woo, Director General of Industrial Technology Convergence Policy, stated in his congratulatory remarks, “The government will actively foster excellent corporate research centers to promote company-led innovative growth.”

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