The city of Suwon, Gyeonggi Province, announced on September 7 that it has selected the winners of the 12th Suwon City Small Business Awards.
This award recognizes small business leaders who have contributed to the local economy through technological development, productivity improvement, and increased exports, thereby enhancing the competitiveness and status of Suwon.
In June, candidates were recruited, with 18 business leaders applying. After a document review (quantitative evaluation) and an evaluation by the judging committee (qualitative evaluation), the awardees were selected. The Grand Prize went to Kim Chang-kyun, CEO of Nubo Co., Ltd.
In various categories, the following leaders were recognized:
- Management Innovation: Kim Dong-bae, CEO of SCA
- Technological Development: Lee Sun-hwi, CEO of Future Main Co., Ltd.
- Export Promotion: Park Ji-soo, CEO of Eleven Electronics Co., Ltd.
- Startups and Ventures: Lee Nam-hee, CEO of Hypernology Co., Ltd.
- Job Creation: Seong Chang-hwa, CEO of System & Solution
- Labor-Management Harmony: Moon Sang-cheol, CEO of Hope Nest Cooperative.
The awards will be presented at the 4th Suwon City Business Day event, scheduled for October 20 at the Suwon Convention Center. Awardees will receive a plaque for the Suwon City Small Business Awards and a certificate from the mayor of Suwon.
The winning companies will be recognized as 'Excellent Companies of Suwon City' for three years and will receive additional points when applying for Suwon's trade policies, including participation in overseas fairs. Other benefits include preferential treatment for small business support funds (interest rate increase from 2% to 2.5%), priority in small business support measures, and a three-year exemption from tax audits if there are no local tax delinquencies at the time of selection.
The city is focusing on initiatives that enhance industrial competitiveness to designate the Suwon Economic Free Zone and develop a high-tech research city.
* This article has been translated by AI.
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