GRT Establishes Subsidiary 'Great Rich Technologies Korea'

GRT, a precision coating new material specialist company (CEO Ju Young-nam), announced the establishment of its subsidiary, Great Technologies Korea.

On the 16th, GRT disclosed through a public announcement that the subsidiary was established with the purposes of ▲expanding distribution networks in the Korean market ▲strengthening customer response capabilities ▲securing technological competitiveness.

Through the subsidiary, the company will actively distribute PPF, interior films, and other products currently produced at its headquarters in China. In the future, distribution of high value-added products such as MLCC and optical films is also planned. Through this, GRT aims to expand its product portfolio, solidify domestic distribution networks, and further enhance its customer response capabilities.

In addition to establishing the Korean subsidiary, GRT is considering setting up branches in Mexico, Vietnam, and India to secure long-term growth drivers and actively respond to the demands of global customers. This will enable flexible adaptation to the rapidly changing global trade environment and the establishment of a robust global network.

Ju Young-nam, CEO of GRT, stated, “Through the establishment of this subsidiary, GRT plans not only to strengthen market competitiveness but also to use it as a communication channel with shareholders,” adding, “The voluntary delisting process that was ongoing until 2022 will no longer be pursued.”

He added, “We will continue to expand our business in the Korean market and also plan to establish a research and development center,” emphasizing, “This approach by GRT demonstrates how much we value the Korean market and our shareholders. We will do our best to realize higher corporate value and protect investors’ rights.”

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