KBIZ Selects Awardees for 'Stainless Steel SME Ideas Competition'
5th Stainless Steel SME Ideas Competition Awards Ceremony Held on the 14th
The Korea Federation of SMEs (KBIZ) announced that it held the 5th Stainless Steel SME Ideas Competition Awards Ceremony on the 14th, jointly with the Korea Iron & Steel Association.
Now in its fifth year, the competition was organized to identify outstanding ideas from SMEs using stainless steel, promote mutually beneficial cooperation between large companies and SMEs, and create new demand related to steel.
A total of 16 SMEs entered this year’s competition. After evaluation based on criteria including marketability, technical merit, innovation, and feasibility, six companies were selected.
The Minister of Trade, Industry and Energy Award went to DSP for developing a premium stainless steel dining table mat incorporating specialized coating technology. The Minister of SMEs and Startups Award went to Taekwang Multank for developing a modular stainless steel bench that recirculates rainwater.
The Korea Federation of SMEs Chairman’s Award went to Taewang Metal Anchor Safety for developing a dry construction method for securing stone and tile to interior and exterior walls, and to TMC for developing a container design and mobility applications to reduce the weight of liquid hydrogen fuel tanks.
The Korea Iron & Steel Association Chairman’s Awards went to Hansam Cora for developing a stainless steel lining platform for water treatment facilities at concrete plants, and RobusTech for developing stainless steel heat-transfer tubes for data center cooling.
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Yang Chanhoe, executive vice president of the Korea Federation of SMEs, said, “We hope this competition will help SMEs turn their creative ideas into new business opportunities. We will continue to support SMEs’ new endeavors and provide opportunities for sustained growth through a range of collaborative projects between large companies and SMEs.”
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