CHANGWON — A small manufacturer in Changwon that machines parts for ship engines has been added to a regional bank's list of promising companies.
BNK Kyongnam Bank said on the 23rd that it had selected Daesung Tech, a metal cutting and machining company, as a promising small and midsize enterprise. Daesung Tech, based in Palyong-dong, Uichang-gu, Changwon, will receive a specially made plaque and a certificate.
Daesung Tech holds machining technology for power generation circuit breakers and marine engine components. It produces industrial parts including brackets, fittings and covers used in ship engines and machine tools. Kyongnam Bank cited the company's technological capabilities, growth potential, business expansion through research and development, and rising revenue as reasons for the selection.
"The competitiveness of regional manufacturing begins with small and midsize enterprises that have strong technology," said Heo Jong-gu, head of BNK Kyongnam Bank's Central Business Group. "We hope this selection helps Daesung Tech continue to grow and strengthen its competitiveness."
Kyongnam Bank operates preferential programs for corporate clients, including its "Promising SME" and "Partner Company" designations.