Chilgok-gun Awards Plaque of Appreciation to Da-il Enterprise CEO Park Byung-tae for Free Lease of Competitor's Factory After Fire... Restart Support

A story has emerged about a business owner who extended a helping hand by lending his factory free of charge to a rival company facing a crisis after their factory was reduced to ashes by a fire.

On the 1st, Chilgok-gun presented a plaque of appreciation to Park Byung-tae, CEO of Daeil Enterprise, which produces automobile spoilers in the Waegwan Industrial Complex and supplies them to Hyundai Motor Company, to promote the value of coexistence.

Park Byung-tae, CEO of Daeil Corporation (left), is receiving a plaque of appreciation and a bouquet from Kim Jae-wook, Chilgok County Governor, and posing for a commemorative photo.

In August 2021, CEO Park learned that Company A, a competitor producing the same product in Buksam-eup, had their factory completely destroyed by a fire.

Company A, a competitor supplying spoilers to Hyundai Motor Company, had been on a solid growth trajectory until the fire occurred.

Seeing a business that Company A had built over more than 10 years collapse in an instant, CEO Park felt a sympathetic heart as a fellow entrepreneur and decided to extend a helping hand.

Despite all employees and acquaintances strongly opposing, he made the bold decision to lend his factory free of charge at night until Company A could rebuild their factory and facilities.

From then on, the two companies lived an uneasy coexistence for four months, producing CEO Park’s company products during the day and Company A’s products in the evening.

With various equipment and tools tangled messily, it was by no means easy for other employees to work in the same factory.

Thanks to CEO Park’s help, Company A was able to rebuild their factory, overcome the crisis, and get back on track.

The spirit of coexistence sparked by CEO Park began to spread in the local community when another competitor, Company B, experienced a fire.

Company B’s factory was also completely destroyed by fire, and this time Company A, which had received help from CEO Park, stepped up to lend their factory free of charge.

Through the spirit of coexistence practiced by CEO Park, all companies connected by fire incidents are now stably supplying spoilers to Hyundai Motor Company, creating jobs and contributing to revitalizing the local economy.

CEO Park said, “I will help again if another fire occurs. I will seek a path of coexistence without destroying others through competition,” adding, “I hope the helping hand I extended will remain a good precedent.”

County Governor Kim Jae-wook presented a plaque of appreciation made from wood produced in Chilgok-gun to CEO Park to spread the spirit of coexistence in the local community.

Governor Kim said, “The reason wood can rise stronger and higher after trials is because they support each other,” and added, “We will create a culture of embracing and caring for each other like wood and grow even higher.”

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