Ministry of SMEs Selects 6 'Prestigious Long-Established Companies'... "Will Serve as Role Models"

Evaluation Criteria Include Job Creation and Social Contribution for Companies Operating Over 45 Years in the Industry

Dongsin Glass Industry, KC Glass, Hangil Tech Medical, Cheonyang P&B, Autonics, and Korea Howton have been selected as prestigious long-established companies.

Lee Young, Minister of SMEs and Startups. Photo by Jo Yongjun jun21@

The Ministry of SMEs and Startups announced on the 9th that it held the ‘8th Prestigious Long-Established Companies Certificate Award Ceremony’ at Lunamiele in Yeouido, Seoul.

Prestigious long-established companies are selected from businesses that have been soundly operating in their respective industries for more than 45 years. The evaluation criteria include not only economic contributions such as job creation and export increase but also social contribution, corporate capability, innovation performance, and corporate reputation.

With six companies selected this year, the total number of companies designated as prestigious long-established companies has reached 43.

Dongsin Glass Industry, selected this time, is a small and medium-sized enterprise that has specialized in glass containers since its founding in 1969. It domestically localized the first vial manufacturing equipment and has been recognized for quality in countries around the world, including Japan, the United States, and Europe.

Autonics is a mid-sized company that manufactures and sells over 6,000 types of electronic components related to industrial automation. It launched the ‘K-Series,’ the first digital counter in Korea, and established 12 local subsidiaries worldwide, building a global network in over 100 countries.

Companies selected as prestigious long-established companies are provided with exclusive plaques that can be used for corporate promotion. They also receive preferential benefits in various government support programs such as policy funds, research and development (R&D), export, and the selection of industrial technical personnel.

Lee Dae-hee, Director of the SME Policy Office at the Ministry of SMEs and Startups, said, “Prestigious long-established companies that have overcome numerous difficulties and challenges such as the IMF crisis and the global financial crisis and grown will serve as role models for many companies.” He added, “We will strengthen support for business succession and discover incentives for prestigious long-established companies so that small and medium-sized enterprises and mid-sized companies can grow into long-established companies across generations.”