"Strengthening Global Competitiveness" ... Changwon Special City Newly Designates Eight Changwon-Type Small Giants

Systematic Support from Prototype Development to Global Expansion

On June 9, Changwon Special City held a ceremony at the City Hall Citizens' Hall to present certificates of designation and plaques to eight companies newly designated as Changwon-Type Small Giants for 2025, pledging active support to strengthen their global competitiveness.

Changwon Special City, 8 New Changwon-Type Small Giants Designated in 2025.

The event was attended by over 20 people, including Jang Geumyong, Acting Mayor of Changwon Special City; Choi Junghoon, Chair of the City Council's Economic, Welfare, and Women's Committee; Lee Junghwan, Director of the Changwon Industry Promotion Agency; and Choi Juwon, Chair of the Changwon Small Giants Council. The event began with the viewing of a corporate promotional video, followed by the presentation of certificates and plaques, commemorative photographs, congratulatory remarks, and a discussion session.

This year, a total of eight promising companies have been newly designated: Gaonsoft, Bugyeong, Bewon ETS, Samil Tech, SG Servo, TIC, Hydtech, and Korea Jungcheon Telephone Industry.

The 'Changwon-Type Small Giants' initiative is a flagship corporate support policy by Changwon City to discover and foster a total of 200 local small and medium-sized enterprises with technological prowess and growth potential by 2030. From 2015 through last year, 121 companies were designated, and more than 10.1 billion KRW in total budget has been invested to support the growth foundation of these companies.

This year, the city plans to invest 350 million KRW out of a total budget of 700 million KRW for the newly designated Small Giants, focusing on supporting the development of core technologies such as prototype development and technological advancement. The remaining budget will be used to operate customized programs for existing Small Giants at various stages of growth, including global market development, strengthening networks through the Small Giants Council, and overseas industrial tours, thereby systematically supporting their leap to become globally competitive companies.

Song Junghoon, CEO of Gaonsoft, newly designated this year, stated, "I believe that receiving this certificate is not the end, but the beginning," and added, "We will strive even harder for technological innovation and job creation at the center of regional industrial development."

Jang Geumyong, Acting Mayor of Changwon Special City, said, "Today's designation is not the end, but a new beginning, and as key players in designing Changwon's next 50 years, the role of Small Giants will become even more important." He added, "The city will continue to be a strong partner, providing effective policies and support so that companies can build competitiveness in the global market."

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