Chungcheongnam-do

▲ Delegates from developing countries to learn CTP

Chungnam Techno Park(henceforth CTP) has been playing an important role in nurturing venture enterprises and in promoting high-tech industries to global standardas a regional innovation platform in Chungnam. With CTP? comprehensive business support programs, many companies have made tremendous achievements in the global market in 2009. Among them, the following 5 SMEs are chosen as star enterprises of CTP in 2009.

▲ The Portable Golf Distance Measurer based on GPS, “Golf Buddy” of DECA System Co., Ltd.

Young Hwa TECH Co., LTD is a start-up enterprise at CTP in automobile parts. The junction box is a core part distributing electricity and protecting circuits. Young Hwa TECH? technological achievement is considered as one of the best in the world. The enterprise has been a first vendor to domestic automobile manufacturers such as GM Daewoo, Ssangyong Motors and Renault Samsung. The enterprise has reached an agreement that would provide its products to General Motors this year. It will provide $ 30 million worth of junction boxes to GM for Cadillac models.

The manufacturer of the golf distance measurer based on GPS, DECA System Co., Ltd is also one of the residential companies in CTP. The products known as ‘Golf Buddy’ displaying the distance and maps of each golf course have been exported to the value of $ 15 million from the second half of 2008 to the first half of this year. It has won the 10 Million Dollar Export Tower Prize awarded by KITA(Koran International Trade Association) in 2009. The product shows distances of 28,000 golf courses in the USA, Europe, Canada and other countries. It will serve 40,000 golf courses in 2010, expanding its markets to Australia, China, Japan and so on.

TTM Co. LTD, a resident of CTP for 5 years, is a provider of the thermal solution management. Many creative products of this enterprise are important components in the various fields such as computer, TV, automotive and other heat related products. The total returns are $ 5 million this year and it is expected to be doubled in 2010. TTM? core technology that handles the heat of electronics is acknowledged as one of the best in the global market. It has already received the validation from the global companies such as Intel, HP and Samsung Electronics. With this great technology and recognition, the company exports its products to USA, Japan, Israel and other advanced countries.

The cosmeceutical manufacturer who is very popular on TV home shopping channels, Cotde Co. Ltd., is a resident of CTP, too. The ingredients of the products are mainly natural preservatives and bio-compatibles. The main product named Zymogen won the gold medal of Alternative Medicine field in 2005 INPEX (Invention & New Product Exposition - USA), one of the biggest invention expos in this field. The company has exported $ 4 million this year, expanding its markets to 8 countries including Japan and Singapore.

▲ Junction Box of GM′s Cadillac by Young Hwa TECH Co., Ltd.

The achievements of Evertechno Co. Ltd., the first Star-Company of CTP, are outstanding. Beginning its business with 3 employees at CTP in 2000, this enterprise has won the Grand Prize in 2009 ASPA(Asian Science Park Association) Awards, which annually selects the best venture enterprise candidates from 13 Asian countries. The company listed on the Korean Stock Exchange Market in 2007 and reached its production amounts of $ 150 million with 450 employees in 2008. It has two independent factories outside of CTP and diversifying its market to the next generation energy industry. The company spins off Ever Solar Energy Co., LTD, which is a new resident of CTP.

Upon these great successes, CTP's comprehensive nurturing and supporting system itself has become an excellent model for the developing countries' economic innovation systems. In 2009, over 100 government officials and entrepreneurs from 30 countries visited CTP in order to benchmark the CTP? innovative system. Moreover, CTP has been consulting its operational know-how to many developing countries of Northern Africa and Central Asia. CTP signed MOUs with these countries?delegations for the cooperation on joint research and technology development as well as the establishment of Technoparks.

Success of CTP in 2009 is just one more forward step to make CTP? ultimate goal making Chungnam the world leader in high-tech industries. CTP will continue its honorable path of success as an innovative companion to all venture enterprises in the region.