Ulsan City Selects 5 'Model Long-Established Companies' for Strong Support

5 Years of Various Support, 'Hall of Fame' Plaque Dedication Included

Ulsan City has selected five exemplary long-established companies this year.

Taewon Co., Ltd., Gukil Intote Co., Ltd., Sammi Machinery Co., Ltd., Nobel Precision Metal Co., Ltd., and KD Valve Co., Ltd. are the ‘2023 Ulsan Metropolitan City Exemplary Long-Established Companies.’

On the 25th at 10 a.m., Ulsan City held the Exemplary Long-Established Companies Certification Review Committee meeting at the City Hall International Conference Room to select ‘Ulsan Exemplary Long-Established Companies’ that have contributed to revitalizing the local economy.

The Exemplary Long-Established Companies program is a small and medium enterprise support policy designed to encourage companies that have fulfilled social responsibilities for over 30 years in the region and serve as role models for local economic development, fostering continuous growth and a respected corporate culture.

The selection criteria include ▲headquarters and main business site (factory) located in Ulsan, ▲operating in Ulsan for more than 30 years as of the announcement date, ▲an average of 10 or more regular employees over the past three years, and ▲being a small or medium-sized enterprise in manufacturing or knowledge service industries.

This year, five companies were finally selected out of nine applicants.

The selected companies will receive benefits such as ▲certificates and plaques of Exemplary Long-Established Company certification, ▲preferential support for small and medium enterprise management stabilization funds, and ▲a three-year deferral of local tax audits.

The certification period for Exemplary Long-Established Companies is five years from the date of certificate issuance, and the certification expires at the end of the quarter following the designation date.

An official from Ulsan City stated, “We plan to dedicate and display a plaque for the ‘Hall of Fame for Exemplary Long-Established Companies’ at the Ulsan Economic and Job Promotion Agency so that companies can take pride and continue to grow sustainably.”

Ulsan Model Long-Established Company Business Plaque.

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