The Korea Technology Finance Corporation (Korea Technology Finance Corporation, Chairman Kim Jong-ho, hereinafter referred to as “Kibo”) announced that on Thursday the 4th, it visited Dongwon Precision Co., Ltd. (CEO Jeong Tae-seong), which was selected as a Kibo-Star Valley company in the Busan-Ulsan-Gyeongnam (hereinafter referred to as “Bu-Ul-Gyeong”) region, to inspect the performance of its support and hold an on-site meeting.
This meeting was organized to directly observe the current status and best practices of Kibo-Star Valley companies in the Busan, Ulsan, and Gyeonggi regions, and to discuss cooperative measures to promote scale-up. Attendees included the head of Kibo's Busan, Ulsan, and Gyeonggi regional headquarters, the head of the Changwon branch, and other Kibo officials, along with the vice president and executives of Dongwon Precision Co., Ltd., who toured the production process and exchanged opinions.
Dongwon Precision Co., Ltd. specializes in the production of defense mechanical and electronic components, including suspensions, road wheels, and main controllers, used in K9 self-propelled howitzers and armored vehicles. Leveraging its proprietary technology, the company has developed and mass-produced core components, enhancing productivity and supply capacity. This has led to its recognition as a leading regional defense company, with the potential to grow into a mid-sized enterprise.
Kibo-Star Valley is Kibo's core scale-up support program that provides ▲preliminary guarantee limit (limit by stage from 3 billion won to 10 billion won) ▲preferential guarantee ratio (95%, for 3 years) ▲guarantee fee reduction (0.5%p, for 3 years) to innovative companies with excellent technological prowess and growth potential, according to the founding period and growth stage.
Park Gyeong-su, Vice President of Dongwon Precision Co., Ltd., said, “As demand for our products has increased due to the recent strengthening of K-defense’s global competitiveness, we were selected as a Kibo-Star Valley company, which allowed us to expand our facilities and increase productivity in a timely manner.”
Kim Jong-bin, head of Kibo’s Busan-Ulsan regional headquarters, said, “The Kibo-Star Valley program is a system that supports innovative companies to scale up and take a leap forward in line with their growth stage,” and added, “We will continue to do our best to reflect the vivid opinions from the field and to systematically grow local innovative companies and strengthen their global competitiveness.”
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