Korea Yumicoa Awarded Silver Tower Industrial Medal at '2023 Foreign Companies Day'

[At the 2023 Foreign Companies Day ceremony, Son Geon-seok, President of Research and Development at Korea Yumicoa, who was awarded the Silver Tower Industrial Medal (right), and Kim Wan-gi, Director of Trade and Investment at the Ministry of Trade, Industry and Energy (left), are posing for a commemorative photo.]

On the 21st, Korea Yumicoa Co., Ltd. announced that its Chief Research and Development Officer, Son Geon-seok, was awarded the Silver Tower Order of Industrial Service Merit as a government investment attraction contributor at the ‘2023 Foreign Companies Day’ ceremony.

The event, hosted by the Ministry of Trade, Industry and Energy and the Foreign Companies Association at the Grand Intercontinental Parnas Hotel in Seoul, was attended by over 300 people including Kim Wan-gi, Director General of Investment and Trade at the Ministry of Trade, Industry and Energy, Seo Young-hoon, Chairman of the Korea Foreign Companies Association, and diplomatic envoys in Korea, who celebrated the awardees.

Son Geon-seok, Chief R&D Officer of Korea Yumicoa, was recognized for his contributions to strengthening the global competitiveness of the domestic secondary battery industry through domestic production facilities and R&D investments as a foreign-invested company, receiving the highest honor among government investment attraction contributors, the Silver Tower Order of Industrial Service Merit.

[At the 2023 Foreign Companies Day ceremony, Son Geon-seok, Chief Research and Development Officer of Korea Yumicoa, is receiving the Silver Tower Order of Industrial Service Merit.]

Korea Yumicoa began investing in domestic production facilities in 1999, established a company-affiliated research institute in 2006, and from 2020, made large-scale R&D investments to strengthen its position as a global leader in the cathode material sector and achieve higher qualitative growth. In 2022, it completed a technology research institute in Cheonan, Chungcheongnam-do, establishing it as the Yumicoa Group’s global R&D hub for secondary battery materials.

President Son stated, “This precious occasion today is thanks to the Yumicoa employees who have worked with one heart from the moment we first produced secondary battery materials over 20 years ago until now. I am very pleased and honored that their hard work and dedication have been recognized,” adding, “Yumicoa will continue to do its best to become a company that contributes to society with a positive influence that considers society, cares for the environment, and respects future generations.”

Meanwhile, during President Yoon Seok-yeol’s overseas trip in June, Yumicoa reported investments to expand its domestic cathode material production plant and research and development (R&D) center at the European regional investment declaration ceremony held in Paris, France. The total investment amount pledged by Yumicoa and six other advanced European companies at the investment declaration ceremony reached approximately 1.2 trillion KRW (940 million USD).