Korea Technology Finance Corporation (KOTEC) said Chair Kim Jong-ho visited Jeongyang SG, a specialized expanded polystyrene (EPS) manufacturer in Gongju, South Chungcheong Province, on the 27th and held a field meeting with sales staff.
The meeting was arranged to visit the site with regulatory innovation experts, listen to management difficulties faced by small and midsize enterprises due to rising raw material prices amid the prolonged Middle East war, and seek ways to improve regulations.
Jeongyang SG is a specialized manufacturer of expanded polystyrene for insulation and packaging materials founded in 1986. It is contributing to achieving carbon neutrality by developing products that improve energy efficiency. In particular, it developed a structural thermal bridge blocker that reduces energy loss in vulnerable parts of building insulation, receiving New Excellent Product (NEP) certification from the Ministry of Trade, Industry and Resources in 2022 and designation as an innovative product by the Ministry of SMEs and Startups. In 2023, it was recognized for its technology, including by receiving a presidential citation at the New Technology Commercialization Promotion Conference.
Korea Technology Finance Corporation (KOTEC) has supported technology finance for Jeongyang SG, giving high marks to the company's growth potential and technological competitiveness. Recently, to ease management burdens stemming from the prolonged Middle East war, it provided special guarantees for affected corporations.
After touring the production site with Jeongyang SG CEO Ahn Byeong-gwon, Chair Kim said, "Korea Technology Finance Corporation (KOTEC) is swiftly supporting corporations struggling with a surge in materials and supplies prices such as naphtha due to the fallout from the Middle East war." Kim added, "We will continue on-site support and institutional innovation so that corporations with strong technological capabilities are not shaken by temporary external shocks."
After the on-site meeting, Chair Kim took time to share views with Korea Technology Finance Corporation (KOTEC) employees in the Chungcheong and Honam regions on institutional issues and directions for expanding the institution's role. Kim also listened to on-site opinions regarding everyday safety and health and, in connection with the "Know the Conflict of Interest Prevention Act Campaign" being promoted starting this month, emphasized the importance of practicing ethics and integrity and the leadership's commitment to leading by example.
After the on-site meeting, Chair Kim shared views with Korea Technology Finance Corporation (KOTEC) employees in the Chungcheong and Honam regions on institutional issues and directions for expanding the institution's role. Kim also listened to on-site opinions related to everyday safety and health and, in connection with the "Know the Conflict of Interest Prevention Act Campaign" underway starting this month, emphasized the importance of practicing ethics and integrity and the leadership's commitment to leading by example. Starting with this meeting, Korea Technology Finance Corporation (KOTEC) plans to visit sales sites nationwide to hear voices from the field and actively identify regulatory difficulties.