Chungcheongnam-do

▲ 15 enterprises selected as Star Companies

Chungcheongnam-do will select and provide assistance for 15 companies as “Chungnam Star Companies” that plan to advance to the global market this year. 
 

Chungnam Star Companies is a project in which the province and the Ministry of SMEs and Startups support commercialization of technology and R&D for the development of promising small and medium-sized companies and, by 2022, a total of 75 companies will be developed, 15 per year.

Those selected as Chungnam Star Companies this time are SMEs with high growth potential and outstanding contribution to local communities, which are K&C, Awesome Lead, ADM, Asung Clean Flow Tech, Woori Micron, Woosung Chemical, Donga Automotive, Namyang Chemical, KSB, AMT, Kumkang Engineering, Green Polymer, Samsung Digital Solution, Genbody and Eaglevet. 
 

They are companies in the display, automotive parts, bio and other relevant industries, all of which are core industries of Chungcheongnam-do, that create new employment opportunities and lead the growth of regional industries. Also, all of these SMEs generate total sales between KRW 5 to 40 billion, employ more than 10 regular workers, place more than 1% into R&D and have achieved 5% or greater sales increases in the past 5 years, raising expectations for their growth potential and ripple effect.

The province will dispatch exclusive project managers to the Chungnam Star Companies and support annual expenditure up to KRW 40 million for technical development and overseas advancement over the course of the next 3 years.