Fostering the best companies in core strategic technologies such as semiconductors, displays, and mechanical metals
The government selects 22 top domestic companies specialized in core strategic technologies and provides up to 25 billion won per company for five years for research and development (R&D).
On the 11th, the Ministry of Trade, Industry and Energy held the’Vision Declaration Ceremony for the Best Small Manager (Materials, Parts, Equipment) Company’ at the Sejong Convention Center and announced the first selection of 22’Top Small Companies’.
The best small-manager company refers to a company with the best technology and future growth potential in Korea in the 100 major strategic technology areas.
From October last year, 200 experts from 123 companies that applied for the selection of the top companies for three months were finally selected through a four-step evaluation.
Following 22 of this year, the government plans to select a total of 100 leading small-market companies by 2024 to focus on fostering them as global companies.
If the selected companies are classified by size, there are 2 large companies, 14 mid-sized companies, and 6 small and medium-sized companies.
By field, it consisted of 7 semiconductors and displays, 7 mechanical metals, 4 electrical and electronic fields, 3 automobiles, and 1 chemical.
In terms of the selected companies, Shinhwa Intertek (Display) developed the world’s first QD film (Barrier less) that does not require a barrier film, which is essential for antifouling and waterproofing, in QD panel, a next-generation display technology.
All barrier films are imported from Japan.
Through this, Shinhwa Intertek secured annual sales of more than 60 billion won and a 40% market share in the global market (No. 1).
Jusung Engineering developed the world’s first time-space division deposition technology that can improve the uniformity of deposition thickness of ALD (atomic layer deposition) equipment applicable to next-generation semiconductor processes.
Currently, it is jointly developing evaporation equipment with global semiconductor device companies in Korea and the United States.
Iljin Materials developed the ultra-thin production technology essential for semiconductor substrate circuit fabrication, and held the only original patent related to ultra-thin in Korea.
It also exported the ultra-thin produced to Japan (worth 3.5 billion won in 2019).
The government provides close support for leading companies throughout the entire cycle, including technology development, commercialization, and global advancement by linking more than 100 available programs at the government level over the next five years.
First of all, it plans to induce aggressive technology development investment by supporting R&D of up to 25 billion won (5 billion won per year) per company, and significantly easing corporate burdens.
It promotes commercialization of technology development performance through empirical evaluation based on test beds of 339 public institutions, and provides an industrial technology policy fund worth 400 billion won first to actively support necessary funds such as mergers and acquisitions (M&A) and facility investment.
In addition, in order to expand the market, it actively promotes leading companies to overseas leading platforms, provides customized strategy 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 counter dedicated to regulatory difficulties for leading companies, and it will be reviewed for improvement within 15 days through the regulatory high-pass system for requests for regulatory improvement by leading companies.
Industry Minister Sung Yun-mo said, “To become a powerhouse as a small manager, the technological competitiveness of leading companies is essential.”
/yunhap news