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Cold-Forging Machines

February 21, 2025 by Leave a Comment
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[INQ. NO. 2502M04] Hyodong Machine is a representative company that produces cold-forging machines called ‘cold formers.’ The company produces nuts, bolts and all essential parts needed in industrial fields such as automotive, electronics, construction and the energy industry.

HBF Series Bolt Former
It is mainly manufactured as ‘4-station,’ which makes it possible to produce bolts ranging from M6 to max. M38 (under head length 470mm long bolt). The former is suitable for diverse kinds of construction bolt parts.

HBP Series Bolt Parts Former
Hyodong Machine is able to manufacture bolts ranging from 5-station to 8-station. According to the customer’s needs, it is possible to develop various types of former machines. In particular, the company’s transfer is the cassette type that is optimized to put out forming because of combining open, turn, universal chuck, etc.
Hyodong Machine seeks continuously to develop technology by investing in the expansion of the factory and high-tech facilities. Accordingly, Hyodong Machine has been leading the development of high-accuracy multistage formers such as the development of 8-station formers and sutomatic tool changing systems, etc. Hyodong Machine aims to continue to produce machines to deeply satisfy its customers.


 
 
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Automotive Parts

February 21, 2025 by Leave a Comment
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[INQ. NO. 2502M03] Frontec Co., Ltd. is an automobile-parts manufacturing company that produces high-precision products through a smart one-stop production process based on forging technology accumulated over 40 years.

Weld Nut (Square-type)
Square-type weld nuts are a special type of nut specially designed for welding to other objects. By adopting the rolled tap method, it is possible to build an integrated production line, from material input to forging, tapping, washing, inspection, and-packaging, all in one facility.

Weld Nut (T-type)
The T-type welding nut has a clean surface and less material wastage, as it does not generate chips compared to the cutting-tap method by adopting the rolled tap method. In addition, it has superior welding strength compared to other welding nuts, and is intensively used in areas requiring high strength such as in car body parts.

Flange Nut
A flange nut is a nut with a wide flange at one end that acts as an integrated washer. This distributes the pressure of the nut across the part being clamped, thus reducing the risk of damage to the part, and preventing loosening due to uneven mounting surfaces.

 
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Bolts

February 21, 2025 by Leave a Comment
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[INQ. NO. 2502M02] Since its founding in 1983, DAIJIN BOLT IND INC. has become one of the leading fastener makers of Korea, and has been selling its products in the domestic & overseas markets for 42 years.
DAIJIN BOLT IND has a large number of facilities capable of manufacturing various parts such as bolts and wheel studs, and is a trustworthy advanced technology-holding company with testing and inspection facilities.

DAIJIN BOLT IND aims to meet its customers’ expectations with the best-quality products based on excellent workmanship. It is able to produce standard and non-standard fastener products according to customers’ requirements.
“We have been dedicated to developing products and improving quality in order to offer best-quality goods. It is our goal to have ‘Zero complaints from customers’ with the best products.
To this end, all of our staff strive to deliver the best based on quality workmanship. All efforts will be made to make our customers happy with top-quality products,” stressed the company’s CEO.


 
 
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FFG 2025

February 21, 2025 by Leave a Comment
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Korean Fastener Makers to Explore Growth Opportunities in European Market at FFG 2025

Fastener Fair Global 2025 (abbreviated as FFG2025), which will be held in Stuttgart, Germany, in March, is the largest international fastener exhibition in Europe. It is an important event, where the latest technologies and trends in the global fastener industry will be on display.
Held every two years in Stuttgart, Germany, FFG is an important platform where fastener-related manufacturers, wholesalers, distributors, and suppliers participate to showcase the latest products and technologies. They gather in one place to exchange knowledge, understand the latest trends, and build new partnerships. Since its inception in 2005, the number of exhibitors and quality European and overseas buyers has increased each time, thereby continuing FFG’s quantitative growth.

Germany’s share in the European fastener market and the purpose of participation by Korean companies
The Korean fastener industry is gradually growing in the European market. Germany is an important market that accounts for 25% of the entire European fastener import market. With Germany having the largest fastener market in Europe, fastener demand is continuously increasing in various industries such as automobiles, construction, machinery, and home appliances.
In particular, as the global automobile market is recovered rapidly after the COVID-19 pandemic, global automobile production was increased by about 10% in 2023, and Korea’s automobile exports also recorded the highest-ever level at $70.9 billion. In line with the increasing demand for eco-friendly cars (electric cars and hybrid cars), it is necessary for Korean producers to develop new special fastener products and strengthen marketing. Recently, as the domestic market slump has been prolonged, it is vital for them to actively expand exports and enter overseas markets.
In this context, FFG2025 is expected to be one of the most effective means for Korea’s highly competitive fastener companies to access the European market. It is considered to be an important opportunity for Korean companies to strengthen networking and improve business performance in the European and global markets, and it will be a good platform to gain insights into the latest industry trends in each country and promote Korea’s technological prowess.

KFFIC’s Operation of Korea Pavilion
The Korea Federation of Fastener Industry Cooperatives (KFFIC) is carrying out various support activities for the development of the Korean fastener industry, and will actively support the overseas expansion of Korean companies by operating the Korea Pavilion at this FFG2025.
The 10th FFG2025 will be held from March 25 to 27, 2025 at the Messe Stuttgart in Germany, and will progress in halls 1, 3, 5, and 7.
The Korea Pavilion organized by KFFIC will be operated in hall 7, and ten excellent Korean fastener manufacturers will participate to showcase their differentiated technologies and products.

The major Korean companies participating in this exhibition produce essential fastener products in various industries such as automobiles, electronics, and construction, and are recognized for their technologies and quality in the global market. Korean companies plan to develop differentiated strategies by introducing products that incorporate electric vehicles, eco-friendly technologies, and smart manufacturing technologies.
In particular, as FFG is the largest fastener exhibition in Europe, Korean participating companies are expected to meet major buyers from Germany and across Europe in person and create visible business opportunities.


 
 
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Agricultural Machinery

February 21, 2025 by Leave a Comment
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[INQ. NO. 2502M01] DAE DEOK TECH has been working in agricultural fields nationwide for over 30 years, listening to the voices and grievances of farmers based on the idea that discovering the products farmers need should always be found on-site.
With 20 years of experience in distribution and 10 years in manufacturing, DAE DEOK TECH has been involved in agricultural machinery for about 30 years.
DAE DEOK TECH manufactures various models of high-pressure power sprayers, piston pumps, and rechargeable sprayers to reduce the burden of labor on farmers, and it is constantly striving to research and develop agricultural machinery that is more convenient to use.

Battery-powered sprayers
Powered sprayers, which are essential items for agricultural machinery, are currently mostly engine-powered and motor-powered.
Powered sprayers are unfamiliar to beginner farmers. However, DAE DEOK TECH has developed a 48V battery-powered sprayer that allows people of all ages to easily use power sprayers.
The sprayer pressure can be adjusted from the 1st to the 8th level, and can be used for 40 minutes at maximum pressure (6~7m spraying possible) and 300 minutes at minimum pressure (herbicide spraying possible). The maximum pressure of discharge per minute is 8liter/min (when using a cannon nozzle), and the suction capacity is 14~22 liter/min.
Users are recommended to apply 5~6 level, which is similar to the performance of a 25A power sprayer DAE DEOK TECH’s 48V battery-powered sprayer’s battery was registered as a patent application, and the company will continue to present convenient products to farmers with products backed by endless innovative ideas.

Smart and eco-friendly multipurpose transport vehicles
Charging time for DDT-P1 is about three hours and can be used for 3~5 hours. The product weight is about 20kg and the loading capacity is 100kg (based on flat ground). The size of this model is 131cm in length, 44cm in width, and 62cm in height. The loading size is 79cm in length, and 52cm in width.

The DDT-P2 model can be used for 2~4 hours with a charge of about three hours. The loading capacity is 150kg. An electronic brake is available.

The DDT-PS1 model can be used for 3~5 hours with a charge of about 3 hours.
It has a loading capacity of 100kg (based on flat ground) with a weight of about 30kg. This model is 140cm in length, 73cm in width, and 81cm in height.

The tank-capacity of the DDT-PS100 is 100 liters. It can be used for 3~5 hours with a charge of about three hours and 30 minutes. The hose length is 100m. The pump discharge rate is 5 liters per minute. It weighs about 30kg and has a load capacity of 100kg (based on flat ground). It is 140cm in length, 73cm in width, and 81cm in height. It is equipped with an electronic brake.

DAE DEOK TECH has acquired numerous patent registrations, plus ISO 9001 and CE certifications. In addition, the company was selected as a technologically innovative small and medium-sized enterprise (INNO-BIZ) with technological competitiveness and future growth potential by the Ministry of SMEs and Startups (MSS), and was thus recognized as an excellent company with international competitiveness.

“As a leader in the Korean agricultural machinery industry, we are diligently developing not only domestic but also global export markets. We will not rest on today’s glory, but will strive for even better tomorrow,” remarked the company’s CEO.


 
 
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Beginners’ Guide to: Jeju Island

January 21, 2025 by Leave a Comment
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Located southwest of the Korean Peninsula, Jeju Island is the largest island of Korea. The island is one of the most relaxing vacation spots found in Korea thanks to its unique local atmosphere and beautiful natural environment. The volcanic lava tubes that make up nearly 10% of the island’s area are a designated UNESCO World Natural Heritage Site.
Seongsan Ilchulbong Tuff Cone, Manjanggul Lava Tube, and Hallasan National Park are must-see sights. Additional attractions include forests, waterfalls, and parasitic cones. With so many beautiful things to see, it can be hard work to plan your itinerary. Following our guide, you can enjoy a stress-free, relaxing retreat, no matter which part of Jeju you choose to visit.

UNESCO World Heritage Course

Rising from the sea, Seongsan Ilchulbong Tuff Cone
Seongsan Ilchulbong Tuff Cone, a landmark attraction of Jeju, was formed about 5,000 years ago from an eruption of magma on the ocean floor. It is especially famous as a sunrise viewing spot, known to be one of the top ten exquisite sceneries of Jeju Island.
Besides viewing the sunrise, Seongsan Ilchulbong Tuff Cone is also known to be an excellent trekking spot. The Seongsan-Ojo Trail connects two villages by crossing the peak. Another popular trail, the Jijil Trail, offers a closer look at the UNESCO-designated geopark as well as Jeju’s local culture. Walking along one of these paths is recommended to really experience the area; walking all the way to the summit offers views of both the vast volcanic crater in the center and the blue ocean surrounding the area. To complete your trip, head to Seongsanpo Port to watch haenyeo (female divers) at work.

Feel the breeze at Cape Seopjikoji
A short drive from Seongsan Ilchulbong Peak will take you to Cape Seopjikoji. The name comes from the Jeju dialect for a “Cape of Small Land” due to its peculiar cliff formation that protrudes into the ocean. The picturesque harmony of the hill and ocean attract tourists all year round. You might even be able to sight Jeju ponies grazing on the field of grass.
Walking northeast along the cliff, you will arrive at Bulgeunoreum Parasitic Cone, offering an exquisite view of a white lighthouse with the dark blue sea in the background. Additional noteworthy attractions of Cape Seopjikoji are the Glasshouse and Yumin Art Gallery, two masterpieces designed by world-renowned architect Ando Tadao. The two buildings blend in remarkably well with the surrounding nature.

Observe the beauty of ridges at Yongnunioreum Parasitic Cone
You can’t say you’ve been to Jeju Island without visiting one of the many oreum, Jeju dialect for parasitic cone. There are approximately 360 oreum scattered throughout Jeju. Among these hundreds of oreums, Yongnunioreum Parasitic Cone is undoubtedly the most well-known. It’s not far from Seongsan Ilchulbong Tuff Cone and has a moderately gentle slope, providing a fairly convenient trail for trekking.
Both Seongsan Ilchulbong Tuff Cone and Udo Island can be seen from the peak of Yongnunioreum, offering an unforgettable panorama. The view of curvy ridges along with the ocean also serves as an excellent backdrop for memorable photos. If you are looking for a perfect spot for souvenir photos, be sure to check out Yongnunioreum Parasitic Cone.

A long-lasting garden of nutmeg yews, Bijarim Forest
In contrast to Yongnunioreum’s open vistas, Bijarim Forest is an ideal spot for a relaxing forest retreat. The dense forest is home to hundreds of bija (nutmeg yew) trees, and is the largest forest in the world to be made up of one plant species. Most of the trees in the forest have lived for 500 to 700 years, earning the forest the nickname “Forest of a Thousand Years.” Must-see sights while at Bijarim Forest are none other than the 800-year old tree and the conjoined nutmeg yews.

Enter the mysterious underground castle, Manjanggul Lava Tube
Of all the oreum on Jeju, Geomunoreum is the only parasitic cone to be designated as a UNESCO World Natural Heritage site. The oreum holds over 20 caves within its body, although only Manjanggul Lava Tube is open to the public. With its profoundly mysterious and grand appearance, taking a step inside the cave is like stepping into Hades’ underworld. Follow the tunnel of articulate lava rock formations, and you will soon reach a giant rock pillar that indicates the end of the cave. The cave’s temperature fluctuates within 11-21℃ regardless of season, allowing visitors to enjoy the magnificent cave all year round.

Seogwipo Nature & Culture Course

Enjoy artwork along the ocean, Jeongbangpokpo Falls and Waljong Art Gallery
Seogwipo, which includes the entire southern half of Jeju, exhibits a great amount of sunshine and warm temperatures, attracting crowds of tourists all year round. One attraction many people choose to visit is Jeongbangpokpo Falls, one of the top three waterfalls on Jeju Island. The water falls 23 meters straight down off the cliff and into a pool before flowing to the sea.
Located on the cliff behind Jeongbangpokpo Falls is Waljong Art Gallery. This gallery is dedicated to the Korean artist Lee Wal Jong, who settled in Jeju decades ago. The gallery is filled with his inspiring artworks, expressing the beauty of Jeju in his own unique way. The strategic location and glass-walled second floor also offer visitors an amazing view looking over the sea.

Nature-made art, Jusangjeolli Cliff and Cheonjeyeonpokpo Falls
Jeju Jungmun Resort is blessed with not only beautiful natural scenery but also with numerous entertainment and convenience facilities catering to both domestic and international tourists. Jusangjeolli Cliff, near the International Convention Center Jeju, delivers a sight to behold with its gigantic rock pillars running along the costal line. Cheonjeyeonpokpo Falls, a three-tiered waterfall, is another attraction not to be missed in Seogwipo. While the first section of the waterfall is only active after rain, the second and third sections are active all year round.

Rekindle childhood memories at the Teddy Bear Museum
Another favorite tourist attraction at Jungmun Resort is the Teddy Bear Museum. The museum boasts quite an impressive collection of teddy bears from all over the world. Exhibition halls are designed with different themes, such as 20th century history exhibition and fable parodies, all portrayed by teddy bears. The Teddy Bear Museum is a popular museum loved by visitors of all ages, recommended as an excellent place to visit with friends, families, or even on a date. The museum also has a souvenir shop, cafeteria, and a park that offers a splendid view.

Downtown Jeju History & Culture Course

Discover the history and culture of Jeju Island
Yongduam Rock, a top tourist attraction in downtown Jeju, is one of the many natural wonders of Jeju Island. Formed by underwater lava millions of years ago, eons of weathering from the rain and wind have formed it into the likeness of a dragon’s head.
After visiting Yongduam Rock, head down to the Jeju Folklore & Natural History Museum to learn about the development of the island people and culture over time. Not only does Jeju Island have its own dialect, it also has a distinct culture that separates it from the rest of mainland Korea, all of which you can see and enjoy from a quick tour of the museum. Right next to the museum is Samseonghyeol Shrine, a religious site that is also the birthplace of Jeju’s ancient mythology. The old trees and traces of the past create a devotional atmosphere.

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Korea’s Exports Last Year Totaled $683.8 Billion, the Highest Ever

January 21, 2025 by Leave a Comment
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Last year’s Korean exports broke an all-time record. Semiconductor exports recorded the highest ever, leading overall exports. Last December’s exports also increased by 6.6%, continuing the 15th consecutive month of positive growth.
The Ministry of Trade, Industry and Energy (MOTIE) recently released that the nation’s exports in 2024 were tallied at $683.8 billion, up 8.2% from the previous year.
Imports decreased by 1.6% from the previous year to $642.67 billion. The trade balance thus recorded a surplus of $51.8 billion.
Annual exports surpassed the previous record of $683.6 billion achieved in 2022. Daily average exports ($2.53 billion) also surpassed the previous record of $2.51 billion.
MOTIE analyzed that the improved export performance is attributable to the fact that IT items such as semiconductors and consumer goods showed favorable trends evenly in a situation where international oil prices stabilized downward.
Exports of a total of eight out of the 15 major export items increased. Semiconductor exports increased 43.9% year-on-year to $141.9 billion, breaking the previous record of $129.2 billion in 2022.
It is evaluated that the semiconductor exports expanded centered on high value-added items such as DDR5 and high-bandwidth memory (HBM), despite the decline in general memory prices in the fourth quarter of last year, and showed an upward trend toward the end of the year.
Shipbuilding showed an increase of 17.6%, petrochemicals 5.0%, and biohealth 13.1%.
Automobiles recorded $70.8 billion in export sales, a 0.1% decrease year-on-year due to some production disruptions caused by strikes in major automakers and parts companies in the second half of the year, but exceeded $70 billion for the second consecutive year.
Among the nine major export markets, exports to seven regions, including the USA, China, and ASEAN, increased. Exports to the USA increased by 10.5% to $127.8 billion, while exports to China increased by 6.6% to $133 billion. In particular, exports to the USA broke the record for the seventh consecutive year.
December’s exports increased by 6.6% year-on-year to $61.38 billion, while imports during the same period increased by 3.3% to $54.89 billion.
As exports continued to increase for 15 consecutive months, the trade balance recorded a surplus of $6.49 billion, continuing a surplus trend for 19 consecutive months.


 
 
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Toward Becoming a World-Class Company in the Synthetic-Resin Processing Machinery Sector

January 21, 2025 by Leave a Comment
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PLAMIX, a manufacturer of synthetic-resin processing machinery, has made various efforts for continuous development, despite the challenging business environment, since its establishment in 1998.
In particular, PLAMIX has grown and developed as an export company by securing original technology, diversifying overseas markets, and continuous research and development, especially amidst various difficult business environments that were unstable and uncertain ― such as extreme tension and conflict between countries, low economic growth rates, and environmental changes due to climate change.

In 2022, PLAMIX reduced costs by standardizing the design to secure price competitiveness, and using a manual for bolt nuts according to mechanical strength ― by utilizing its advanced technology research center.
In addition, PLAMIX has proven its ability to secure original technologies and reflect stability and practicality, meeting customer requests and needs by improving dispersion through impeller modification in the mixer, securing wear-resistance through ceramic coating, and incorporating mixing technology for secondary batteries.
Through these efforts and achievements, PLAMIX was registered as an innovative growth-type venture company. As a specialized material parts equipment company, PLAMIX has succeeded in registering eight trademarks ― including an extruder for plastic processing (Trademark Registration No. 40-2100560), a non-cleaning paint mixer (Patent No. 10-0503607), and a composite extrusion device (Patent No. 10-2498359).
In addition to maximizing technological value through securing original technology, the productivity improvement led to securing price competitiveness, which became the driving force for developing into a specialized parts and equipment company as one of the 1,000+ small hidden champions selected by the Ministry of SMEs and Startups (MSS).
PLAMIX has diversified its export destinations to Uzbekistan, Egypt, the United Arab Emirates, and Vietnam ― in addition to its existing export destinations of China, India, Hungary, and Poland.
PLAMIX has also taken the opportunity to export entire production lines including extrusion lines, going beyond single export items such as mixers and cutters.

Securing domestic and international customers through diversified marketing
In particular, PLAMIX has proven its quality excellence to domestic and international clients by meeting their various requirements for increased customer satisfaction ― especially led by its overseas technology sales team ― and through securing stability, energy efficiency, and energy saving, easy and simple operation, storage of used data, and preemptive reflection of technology for efficient operation using data.
Reliability has been secured by solving customer needs and problems, and it also envisages becoming a first-class company in the synthetic-resin processing machinery manufacturing field. In addition to overseas exhibition-centered marketing, PLAMIX is increasing the brand value of its own through the Internet, website, and posting of technical YouTube videos.
Providing customers with added value by utilizing technology is also an important factor for the development and growth of the company ― but in addition to the technological value, another parallel value that PLAMIX pursues is to seek the improvement of human value through understanding, respect, and harmony of all employees working together.
PLAMIX believes that creativity and imagination that evolve and renew through human-centered corporate management that works together with customers’ voices and suggestions will maximize technological value that goes together with human value.

In 2024, PLAMIX won recognition for its efforts in enhancing technological value ― with exports of US$5 million and a presidential citation. And it is expected that the company will be growing and developing into an ESG company ― through selection as a KOICA’s IBS business operator.
“We recognize that we have grown by adding technological value through harmony and respect during the difficult and challenging 2024, and we promise to strive even harder this year by becoming an ESG company that pursues environmental and social values along with technological value,” remarked Je Young-hwan, CEO of the company.

 
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Rising as a Powerhouse in the Global AMR Drive Reducer Market

January 21, 2025 by Leave a Comment
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Youngjin Worm Co., Ltd., a leading Korean company in the field of manufacturing servo-type precision worm reducers and gantry robot reducers, is growing into a global powerhouse. We met with Oh Taek-chun, CEO of the company, to hear about the company’s main products and future development strategies.

Would you please briefly introduce your company?
We are a leading Korean company specializing in manufacturing servo-type precision worm reducers and gantry robot reducers. In particular, we are recognized for our technological prowess by being the first in Korea to develop and apply the high-load drive unit of the Autonomous Mobile Robot (AMR) used in Samsung Electronics’ semiconductor manufacturing.
We have 15% price-competitiveness compared to our competitors, and German-level quality, and we are growing as a global technology partner that also cooperates with Tesla’s secondary battery equipment company. We are expanding our presence in global markets, such as India and the United States, through continuous R&D investment and overseas market development.
We are leading the global market with innovation and quality, and we are also opening up new possibilities in the development of high-load AMR technology and the next-generation robot reducer market.

Please briefly introduce your main export products
As a leading precision worm reducer manufacturer in Korea, we are accelerating our advancement into global markets. Our main products are the dual-lead servo-type precision worm reducer and the gantry robot reducer with a reduction ratio of 3.125:1, and we manufacture and sell them in both domestic and overseas markets.
We are leading the paradigm of the industrial robot market by developing and applying the drive part of the AMR, which has been applied to the semiconductor manufacturing process of Samsung Electronics for the first time in Korea. Compared to our European competitors ― Dynabox of France, and Atlanta of Germany ― we are providing excellent quality at low prices, and we are thus being chosen as a preferred supplier by global customers. This technology led to the holding-performance test certificates for each model from the Korea Testing Laboratory (KTL), further enhancing the reliability of our products’ quality.
We plan to preempt the next-generation market by developing more advanced drive units of high-load precision AMRs, a high value-added product in the future. We will advance further as a key company in the global reducer market through continuous research and development (R&D) and improving our overseas market expansion strategies.

What markets were impressive in the process of developing overseas markets in 2024?
China is a representative market that was impressive in the process of developing overseas markets in 2024. We are promoting sales in China through a cooperative partnership with Shanghai XM, and have also received much attention from global buyers through participation in the representative domestic robot exhibition.
At the exhibition, precision servo reducers and AMR’s drive units are product groups that are drawing keen attention both at home and abroad, and the European, Indian, and American markets are also evaluated as regions with high potential for development in the future. These markets have high demand for precision reducers and autonomous driving robots, and we are confident that strategic advancements will be made in the future.

What are your growth goals through change and innovation in 2025?
We have set a target of 20-30% growth compared to last year by expanding our overseas market share.
To achieve this, we plan to diversify our export markets from the existing Chinese market to the European, American, and Indian markets ― and complete the development and commercialization of a 2,000 kg-class high-load AMR drive reducer. We also plan to develop a next-generation high-efficiency servo-type reducer and enhance the quality of existing products.
To improve productivity, we plan to optimize part-sourcing and introduce a process automation system. In addition, we plan to achieve production process efficiency by introducing a smart factory and reduce the defect rate and increase production-efficiency by establishing a production line automation system.

What is your mid- to long-term development strategy for gradual growth in the global market?
The core aims of our mid- to long-term development strategy are market diversification, product-lineup expansion, conversion to a smart factory, and improvement of brand awareness. In particular, the development of a more advanced high-load AMR drive reducer and a next-generation servo-type precision reducer will be the key driving forces for future growth.
From 2025 through 2027, as I mentioned, we plan to expand into the Chinese, American, Indian, and European markets and secure at least 10 new buyers. From 2027 through 2030, we will establish global brand awareness and become a global top-5 worm reducer manufacturer.
Through these strategies, we plan to increase our competitiveness in the global market and secure sustainable growth engines.

Finally, is there a message you would like to convey to potential overseas customers?
We are a representative Korean company specializing in manufacturing servo-type precision worm reducers and AMR drive reducers, and all employees are working together with the goal of continuously developing new technologies and achieving the world’s best quality.
Today, we can see that the paradigms of the manufacturing and robot industries are changing rapidly. In line with these changes, we are actively responding to the needs of the global market with customized solutions and innovative technologies, and we believe that the reason why our products are loved in various overseas markets, such as China and Southeast Asia, is due to the trust and support of our customers.
In the future, we will continue to create a sustainable future based on customer-centered service spirit, and quality-innovation. As a successful partner for our overseas customers, we promise to continue striving to provide the best products and services. We welcome your continued interest and support. Thank you!

 
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Buyeo

January 21, 2025 by Leave a Comment
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Paving the Way to the Future of Buyeo
as a Strong Economy County

By responding to regional crises through investment attraction, overseas agriculture expansion, local currency, and global branding, Mayor Park Jung-hyun is promoting engines for Buyeo’s future growth

Park Jung-hyun, Mayor of Buyeo County, is a politician who succeeded in winning re-election in Buyeo, and is a representative figure of Chungcheongnam-do Province who enjoys wide support beyond political parties and factions. Based on his experience as an entrepreneur during his younger days, he is helping to create practical results in the economic and welfare sectors – thanks to his customer-centered thinking and outstanding business execution capability.

His notable achievements include the global marketing of Goodtrae agricultural products, expansion of agriculture to overseas, fostering the largest smart farm in Korea, attracting foreign investment companies, expanding Goodtrae pay incentives, and the Social Impact and Compensation Business (SIB). We met with Mayor Park in order to listen to his views on recent hot issues and future plans.

Mayor Park Jung-hyun

What is your vision for the future of Buyeo County?
Rural local governments across Korea are facing the threat of extinction due to population decline and aging. Given this situation, the most important value is sustainability. The future development strategy of Buyeo County is to secure economic growth momentum to build a ‘sustainable rural community.’ It is thus intended to create a ‘Buyeo where people want to live.’

What are Buyeo County’s goals and strategies for attracting corporate investments?
Buyeo County was selected as an Opportunity Development Zone (ODZ) by Korea’s Ministry of Trade, Industry and Energy (MOTIE) in 2024. Last year, it attracted Hangke, a Chinese partner of LG Energy Solution, to Buyeo County, gaining an investment of KRW 65 billion. In order to foster the County, with its ancient capital of Baekje, as a historical and cultural city, the County is visualizing its plan to build a 5-star hotel, and an investment of KRW 150 billion is expected to be made soon.
We are converting undesirable facilities into preferred facilities. For example, our bio-gasification facility was selected for a public contest of 47.1 billion won. We aim to achieve sustainable development through eco-friendly energy production and resource recycling. We plan to actively attract bio companies in connection with the selected ODZ.


Buyeo is known to be an advanced county in agriculture. Could we hear more about any strategies for strengthening agricultural competitiveness?
Buyeo County is generating annual sales of KRW 900 billion in the field of horticultural facilities such as smart farms. Buyeo County has global competitiveness in smart farm operations. In addition, the County has been planning and promoting the plant leather industry, which replaces animal leather and artificial leather, for more than 10 years. Buyeo County is the largest mushroom producing region in Korea, and is utilizing mushroom mycelia as plant leather materials. Currently, a prototype has been developed, and the vegan leather development and demonstration cluster construction project has won a government contest, securing KRW 13 billion in project expenses until 2027.
As for overseas agriculture, Buyeo County is carrying out a K-Goodtrae rice cultivation project in Namangan Province, Uzbekistan, and it is expected to produce seven tons of rice per hectare. The crops produced in this way will be exported to neighboring countries. Buyeo County’s agriculture will contribute to the globalization of K-agriculture, and also contribute to the nation’s food security.

What is the globalization strategy of the agricultural specialty brand Goodtrae?
Goodtrae is the No. 1 local agricultural brand in Korea. We will increase Goodtrae’s international recognition through global marketing. We are pursuing various projects such as securing sales channels for Goodtrae agricultural products through collaboration with Lotte Wellfood.

What is your future economic strategy for balanced regional development?
Goodtrae Pay is recognized for having protected local businesses, leading to stable growth of the regional economy. Goodtrae Pay in fact created KRW 52.7 billion of circulated added value in Buyeo County.
In the administrative sector, Buyeo County secured the largest amount of KRW 148.1 billion in investments ever among Chungcheongnam-do’s balanced development projects.
What we sensed through our interview with the Mayor Park Jung-hyun was that he is administrating the county as if he were a leader of a strong but small nation, despite the fact that he is a Mayor in a lower-level local government. The Mayor is playing a leading role in responding to the crisis of local extinction through overseas agricultural development, attracting foreign investment, and global city marketing targeting the global market. Thus, Mayor Park Jung-hyun is seen to be building a foundation for a bigger global small, but strong, county.


 
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