11 Promising Small Giant Enterprises in Pohang with Technological Competitiveness Selected... Support Expanded

Small Giant Enterprise Growth Committee Selects 11 Companies Based on Management, Technological Capabilities, and Growth Potential
22 Graduated Companies Re-designated... Efforts to Strengthen the Competitiveness of the "Pohang Promising Small Giant Enterprise" Brand

Pohang City has newly selected 11 promising local companies with high potential for future growth and technological competitiveness as the "2025 Pohang Promising Small Giant Enterprises."

The city has designated Isoon as an Excellent Promising Small Giant Enterprise. Dongwoo, YTech, and HEPS were selected as Promising Small Giant Enterprises, while Decomposition, Solarize, ThreeBrooks Therapeutics, Omnicote, TwoN, FireCrew, and HiBo were finally chosen as Preliminary Promising Small Giant Enterprises.

Pohang City held the Small Giant Enterprise Growth Committee meeting on the 16th. Photo by Pohang City

The selected companies are distributed across various industries, including five in machinery and materials, three in electrical and electronics, two in bio and medical, and one in knowledge services. The selection was made after comprehensively considering each company's sales, internal and external technological capabilities, and management strategies.

Since April, the city has received applications and conducted a strict four-stage procedure, including eligibility screening, on-site evaluation, presentation evaluation, and comprehensive evaluation. The Small Giant Enterprise Growth Committee was convened to deliberate and decide on the final selection of 11 companies.

The selected companies will receive a range of benefits, including customized business support tailored to company needs, business scale-up consulting based on management environment analysis, strengthening of R&D capabilities through the Project Manager system and collaboration with related organizations, support for overseas market entry to enhance global competitiveness, and preferential access to working capital for small and medium-sized enterprises.

In particular, starting this year, the city has subdivided consulting into "strategy" and "leap" categories to provide practical support for growth according to the size and growth stage of the selected companies.

In 2023, the city newly added "Preliminary Promising Small Giant Enterprises" as a recruitment category. With the amendment of the "Pohang Small Giant Enterprise Fostering and Support Ordinance" in February, the city established the basis for "re-designation of promising small giant enterprises" to support graduated companies whose designation period had expired and whose benefits had been reduced.

Through this Small Giant Enterprise Growth Committee, a total of 22 companies have been re-designated. The re-designated companies will be indirectly provided with administrative support, such as certification plaques and multifaceted promotional activities. The city expects that this system will help maintain the external credibility of the Pohang Promising Small Giant Enterprise brand and continuously enhance its competitiveness.

Kim Jeongpyo, Director of the Job and Economy Bureau, stated, "We plan to foster 'Pohang Promising Small Giant Enterprises' as Pohang's unique brand to drive the co-growth of future industries such as bio and secondary batteries, as well as upstream and downstream steel industries, and to revitalize the local economy." He also added, "We will actively support promising local companies in administrative and financial aspects so that they can compete in overseas markets as well."

The selected Pohang Promising Small Giant Enterprises have recently achieved notable results on the global stage, such as winning the CES 2025 Innovation Award in the United States. They have also proven their growth and competitiveness by being selected as World Class companies (Ministry of Trade, Industry and Energy), obtaining various government brand certifications, and acquiring numerous technology patents.

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