Baekkyung Distillery Co., Ltd. (CEO Chang-yoon Jeong), an agricultural corporation, was finally selected through the November recommendation of the Ministry of SMEs and Startups' 'Private Investment-led Technology Startup Support (TIPS)'.
This selection is considered a result of recognition of both technological prowess and potential for overseas expansion, following the initial investment jointly conducted by the Sejong Center for Creative Economy and Innovation and Reventures in June.
CEO Jeong Chang-yoon stated that this selection is “an opportunity to make a leap forward as a deep-tech brewery that applies data-driven process control technology.”
Officials from the Sejong Center for Creative Economy and Innovation and Reventures said, “If the TIPS project is successfully completed, it will be possible to move away from the existing refrigerated export method and use general containers and room-temperature shelves, which is expected to reduce logistics costs and expand overseas markets.” They also evaluated it as “advancement that can technologically resolve the limitations of the export structure that small breweries have been facing.”
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