Jeil Electric and Global Topnet Selected as Busan Anchor Companies... Targeting the Global Market

Busan City Supports 'Global Company Development' Project

Jeil Electric and Global Topnet have been selected as 'Busan-type anchor companies,' and their consortium is now aiming for the global market with the support of Busan Metropolitan City.

This selection is part of Busan's 'Busan-type Anchor Company Development' project, which aims to revitalize the local economy and strengthen the global competitiveness of small and medium-sized enterprises.

Each company selected as a Busan-type anchor company will receive customized support worth up to 900 million KRW. Areas of support include ▲Research and Development (R&D) ▲Intellectual Property Rights ▲Personnel Expenses ▲Growth Roadmap Consulting ▲Standard Certification ▲Commercialization, among others.

The Busan city government has promised various forms of support to help Jeil Electric and Global Topnet build competitiveness and succeed in the global market.

Jeil Electric is recognized domestically and internationally for its innovative technologies and products in the electrical and electronics industry.

Global Topnet, which provides advanced solutions based on IT and network technologies, was selected as a Busan-type Hidden Champion last month due to its technological capabilities and growth potential.

A Busan city official stated, "If these two companies succeed in the global market, it will have a significant impact on the local economy," and added, "We will focus on strengthening the global competitiveness of local SMEs and achieving sustainable growth through the development of anchor companies."

The selection and support program for anchor companies is part of Busan's policy to revitalize the local economy and foster the growth of SMEs into global enterprises.

Lee Hyunho, CEO of Global Topnet, said, "We will use Busan's various policy considerations as a stepping stone to advance onto the global stage and lead the future of Busan."

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