Jeon Jejung of SIT and JaeYoon Hwang of Rihaon Named "Proud SME Entrepreneurs"
Korea Federation of SMEs Selects "Proud SME Entrepreneurs" for the Second Quarter of 2025
Jeon Jejung of SIT and JaeYoon Hwang of Rihaon Recognized for Contributions to SME Leadership and Industry Development
The Korea Federation of SMEs and the Ministry of SMEs and Startups announced on June 16, 2025, that Jeon Jejung, CEO of SIT, and JaeYoon Hwang, CEO of Rihaon, have been selected as the "Proud SME Entrepreneurs" for the second quarter of 2025. The "Proud SME Entrepreneur" award is a system in which the Korea Federation of SMEs and the Ministry of SMEs and Startups discover and reward outstanding entrepreneurs who have contributed to the development of the national industry through management rationalization, export growth, and technological development, with the aim of promoting exemplary SME leadership.
SIT is a company that manufactures automobile horns, wiper parts, and pressure regulators. Through continuous technological development in the press mold sector, SIT succeeded in localizing automobile parts that previously relied on imports, thereby securing productivity and cost competitiveness, as well as achieving meaningful results such as import substitution. In addition, SIT established subsidiaries in various overseas markets, including China, Vietnam, and India, to pioneer international markets. Since founding the company in 2002, CEO Jeon Jejung has managed the company for 22 years, contributing to employee welfare and job stability based on the management philosophy that internal customer satisfaction is the starting point for external customer satisfaction.
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Rihaon is a company that produces automobile parts. By investing in technology development and quality management, Rihaon has obtained certifications and multiple patents in the fields of quality, environment, and safety, thereby securing global competitiveness. The company has also actively entered overseas markets and was awarded the "Ten Million Dollar Export Tower." Since taking office as CEO, JaeYoon Hwang has achieved continuous sales growth through strategic facility investments, production line efficiency improvements, and technology development. In addition to hiring vulnerable groups such as the elderly, youth, and people with disabilities, Rihaon participates in government employment support policies such as the Naeil Chaeum Deduction, thereby contributing to the creation of quality jobs.
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