- Receiving government support such as manpower and finance for the next 3 years
- Actively utilized for technology development of high value-added products such as wind power, heavy equipment, and non-ferrous metals and complex forgings
- Securing sustainable growth engines by developing new products and expanding customers
KPF (024880, CEO Seongdeuk Do), specializing in fasteners and automotive parts, was selected as a national root company and received government support for the next three years.
KPF announced that it has obtained national root business certification from the National Root Industry Promotion Center under the Korea Institute of Industrial Technology. The validity period of the certification is from September 20, 2017 to September 20, 2020.
This allows support for national projects related to the root industry conducted by the Ministry of Trade, Industry and Energy, the Small and Medium Business Administration, etc. △Securing manpower such as specialized research personnel and industrial technical personnel △Financial support for advanced facilities and automation △International exchange of manpower and joint research and development Cooperation projects △ It is now possible to receive preferential benefits in areas such as finance and tax support.
An official of the company said, "By actively utilizing the government's institutional support, we plan to make more efforts to develop technology for high value-added fastener products and complex forged products such as wind power, heavy equipment, and non-ferrous metal that the company is focusing on recently." It will provide an opportunity for further growth.”
'Root technology' is a process technology used throughout the manufacturing industry such as casting, mold, plastic processing, welding, surface treatment, and heat treatment. Among these, root companies are selected as companies with excellent technology in a specific field. In order to select a root company, a multi-faceted evaluation is conducted on items such as'process and product ownership, technology level, patent ownership status, skilled technician ratio, research institute possession, quality certification'.