JD Co.,Ltd.

Korea Venture Investment invests in companies recognized for their growth potential

Jun Engineering, J.D., and Woohyun Shipbuilding Technology were selected as three companies.

Jun Engineering Corporation, J.D. Corporation, and Woohyun Shipbuilding Technology Corporation, tenants of the Gyeongsang National University (GNU) Incubator, announced on the 20th that they have signed a contract for linked investment in government startup support projects.

The Startup Support Project Linkage Investment is a project managed by Korea Venture Investment Co., Ltd. that invests in matching funds for startup support within the scope of available financial resources through screening among companies selected for the government's startup support project and recognized for their growth potential. Jun Engineering Co. signed a contract to acquire new shares on Sept. 10.

The project will be used to fund the development of the first 2D-based cable measurement program for small and medium-sized shipbuilders and the introduction of machinery for the commercialization of ship models using 3D printing.

Currently, the related business has been launched in earnest, with sales of more than KRW 1 billion this year and a total of five new hires, and the company said it will continue to select excellent local talents.

JD Co., Ltd. signed a contract to acquire new shares on September 25. Through this business, it is expected to leap forward as a leading company in the domestic marine and fisheries industry by commercializing the first water drone equipped with functions such as autonomous driving, salinity and water temperature measurement, and video recording and transmission by utilizing the business related to the development of multi-purpose water drones for coastal marine environment monitoring.

Currently, it is continuously expanding its demand sources by securing sales outlets centered on fishing communities in the Geoje and Tongyeong regions, and said it expects to achieve sales of more than 500 million won this year.

Woohyun Ship Technology Co., Ltd. signed the agreement on October 12. The company plans to use the investment to establish its own production facilities and purchase a design program for ship design productivity and linear development.

The expensive design program is essential for 3D simulation of mock-up test results, contributing to significant productivity gains in ship design as well as specialization and standardization of design. If it goes as planned, it is also expected to create employment by hiring three additional researchers.

An official from the incubator said, "Attracting investment to build technology development and production facilities is a great opportunity like sweet rain in a drought for tenant companies that are struggling to raise funds amid adverse conditions such as sluggish sales and difficulties in entering overseas markets due to Corona 19." He promised, "We will spare no effort to provide the necessary support to grow into a company with excellent technology based on the investment funds attracted."

Source: Shinailbo(http://www.shinailbo.co.kr/news/articleView.html?idxno=1333218)