Selected as the best company for the small manager… Government 400 billion + Alpha support shooting

Minister of Trade, Industry and Energy (center) Sung Yun-mo shouts fighting with representatives of leading companies at the'Declaration Ceremony for the Vision of the Small Manager's Leading Company' held at the Government Sejong Convention Center on the 11th. [사진 제공 = 산업통상자원부]

picture explanationMinister of Trade, Industry and Energy (center) Sung Yun-mo shouts fighting with representatives of leading companies at the’Declaration Ceremony for the Vision of the Small Manager’s Leading Company’ held at the Government Sejong Convention Center on the 11th. [사진 제공 = 산업통상자원부]

Jusung Engineering is a leader in Atomic Layer Deposition (ALD) technology, a next-generation semiconductor process. It developed the world’s first space-time-division deposition technology that can improve the thickness uniformity of the resulting product.

ALD is regarded as one of the key food technologies for semiconductors as it reacts only on the wafer surface, reducing the film thickness and making an elaborate thin film. Based on such technological prowess, Jusung Engineering decided to develop deposition equipment jointly with large Korean and American companies, which are global semiconductor device companies.

ALD is a key technology for making next-generation displays or cutting-edge high-efficiency solar cell modules. In particular, Jusung Engineering plans to actively enter the US market as it announced that it will invest an astronomical amount in the new and renewable energy field when the Joe Biden regime enters.

The government selected Jusung Engineering and other 22 companies as leading materials, parts and equipment companies and decided to shoot 400 billion won plus alpha support. Minister of Trade, Industry and Energy Seong Yun-mo held a ceremony to declare the vision of the small manager’s leading company at the Government Sejong Convention Center on the 11th.

By field, 3 semiconductor companies including Jusung Engineering, Gyeongin Corporation, and Dongjin Semichem, 4 display companies including Kolon Industries, 4 electric and electronic fields, 3 automobiles, and 1 chemical were selected. An official from the Ministry of Industry explained, “When integrating the review of patents, R&D personnel and capabilities, and related experts, we focused on whether we had the best domestic technology in the core strategic technology field.” Following 22 of this year, the government plans to intensively nurture it as a world-class company by selecting a total of 100 top companies by 2024.

For these companies to enter the global market, the government provides up to 25 billion won per company for 5 years for R&D. In addition, it plans to induce aggressive technology development investments by significantly easing corporate burdens. It promotes commercialization of technology development results through empirical evaluation based on test beds of 339 public institutions, and provides an industrial technology policy fund worth 400 billion won first.

The purpose is to use this to help flexibly supply and receive necessary funds such as M&A and facility investment. In addition, in order to expand the market, it actively promotes leading companies to overseas leading platforms, provides customized strategic consulting for each company, and supports entry into overseas online and offline exhibitions.

In order to improve unnecessary regulations, the small manager’s supply and demand response support center will be designated as a dedicated counter for regulatory difficulties for leading companies, and the regulatory high-pass system will be used to review whether or not to improve regulations by leading companies within 15 days.

Minister Seong said, “In order to leap forward as an unwavering small manager, the technological competitiveness of leading companies is essential,” and said, “The government will also actively support so that the leading companies can become a central point for innovation in manufacturing and transition to future industries.”

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