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Korea's World-Class Products Flourishing In the Global Marketplace

Korea¡¯s highest-quality products lead the world in a number of different markets. These products include TFT-LCD displays, PDP televisions, mobile phones and automobiles.
There were 121 individual products manufactured by Korean companies that enjoyed the biggest market share in the global market as of the end of 2009.
In addition to the aforementioned products manufactured by top-notch companies, a lot of Korea¡¯s quality goods are made and supplied by small- and medium-sized enterprises (SMEs), establishing a growing presence in the fiercely competitive world market.
Aiming to further promote these highly rated products and services to buyers and marketers around the world, Korea¡¯s Ministry of Knowledge Economy has since 2001 been awarding them the certification of ¡®World-Class Products of Korea¡¯ after rigorous screening processes.
As of 2010, a total of 584 products have been selected as World-Class Products or Next-Generation World-Class Products among candidate products that meet the requirements.
Korea¡¯s Buyers Guide, in conjunction with the Korean government and KOTRA, describes and recommends these Korean World-Class Products to buyers and marketers, encouraging them to relate Korean products with superior quality.


World Class Products Guarantee Top Quality

¡°World-Class Products¡± are selected from among goods and services whose total global market size is greater than US$50 million, with exports of over US$5 million. The candidate must also be ranked in the top five in the global market, and undergo a strict screening process led by the World-Class Product Review Committee (chaired by the Vice Minister of Knowledge Economy) based on the marketability and technological strengths of the candidate product.
In addition to the World-Class Products, the Ministry of Knowledge Economy selects a separate group of products labeled ¡°Korea¡¯s Next Generation World-Class Products¡± from among goods and services that have the potential of fulfilling World-Class product requirements within the next five years.
The selection process is overseen by the World-Class Product Review Committee, headed by the Vice Minister of Knowledge Economy, under the same careful and rigorous screening process.
Additionally, the Next Generation World-Class Products include those with proven technological potential in future growth industries, recipients of various new technology and product awards and certifications, and goods and services selected from among those recommended by industry associations and agencies with proven commercial and technological advantages. Next Generation World-Class Products showcase items that promise future market dominance with the same high level of quality and reliability exhibited by Korea¡¯s World-Class Products.


Strict and Objective Selection and Management

The selection process for Korea¡¯s World-Class Products is wide-ranging and extensive, and is conducted with strict objectivity and fairness. The selection committee, chaired by the Vice Minister of Knowledge Economy, is supported by a large number of relevant agencies and organizations that provide professional and technical advice for the selection process. These agencies and organizations include practically every appropriate industry association and agency in Korea, with the number of organizations participating in the selection process increasing each year.
In addition, products previously selected as World-Class Products may have their status revoked if found in subsequent reviews to be failing to meet the rigorous selection standards, as part of continuing efforts to create an even more meticulous screening process.
The quality and reliability of Korea¡¯s World-Class Products are thus guaranteed by the Korean government, in addition to having already proven their high acceptance in global markets.
They represent the pinnacle of Korean technology, engineering and production, and any buyers purchasing Korea¡¯s World-Class Products can be confident of their quality, reliability, technological capabilities and marketability.

Electric Double Layer Capacitor

Increasingly compact electronic devices have created a need for power storage solutions that can store large amounts of reserve power in a very small space. Korchip Corp. has developed the electric double layer capacitor/super-capacitor (EDLC) as next-generation energy storage that can store a million times more energy than traditional capacitors.

Notebook (Laptop PC) Cooler

Portable computing devices have become indispensable in today¡¯s world, and peripherals for these ubiquitous devices have also developed in tandem. The increasing computing power of today¡¯s notebooks has created an unfortunate side-effect: heat. Due to the limited internal dimensions of notebooks, the application of external cooling provides an alternative.

Auto Refractor/Keratometer

Huvitz is a leading company that provides a full line-up of optometry and ophthalmologic products.

Dielectric Filter

Partron Co., Ltd. was implemented by the key men who had led RF parts for mobile communication division in Samsung Electro-Mechanics, and started its own business in 2003 by undertaking dielectric filter, duplexer, isolator and antenna businesses from Samsung Electro-Mechanics.

DNA Chip Analysis Software

GenPlex is a DNA chip analysis software program that carries out data analysis using latest biological information. It analyzes various data generated from DNA chip tests using various statistical and mathematical algorithms. GenPlex is also marked by an excellent visualization for users¡¯ convenience.

Laser Marker

Over the past two decades, EO Technics has specialized in the field of laser technology and applications. The company supplies a broad spectrum of equipment for laster marking, drilling, trimming and cutting. Today, it is one of the leading domestic suppliers of laser-based devices for use in the fields of semiconductors, PCBs, FPDs (Flat Panel Displays) and telecommunications.

High Silicon Cast Iron Anode

High silicon cast iron anodes are widely used for Impressed Current Cathodec Protection(ICCP) and Electrolytic Pickling. Constructed with high silicon cast iron as specified in ASTM A 518, the anodes contain iron with approximately 15% silicon (Si) content for additional resistance to corrosion.

Vertical-Cavity Surface-Emitting Laser Solution

RayCan, Inc. specializes in low-cost, high-reliability single- and multimode 1550nm/1310nm/850nm vertical-cavity surface-emitting laser (VCSEL) solutions for telecommunications and data communications. The company currently offers VCSEL-based high-bandwidth fiberoptic components for use in gigabit/10 gigabit Ethernet and metro area & access networks.

Rapid Protyping Machine

Over the past 26 years, Carima Co., Ltd. has been engaged in the optical, imaging, display and system manufacturing. The company has consolidated its ground on the domestic photo printer markets.

Body Composition Analyzer

Jawon Medical specializes in the development and production of sophisticated medical equipment that is widely utilized for both professional and home use.

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Other Articles

World-Class Products of Korea 2018  [Issue No. 530]

Korea¡¯s World-Class Products Capture Global Markets  [Issue No. 461]

Korea¡¯s World-Class Products Capture Global Markets  [Issue No. 460]

World-Class Products of Korea 2012  [Issue No. 459]

World-Class Products of Korea 2012  [Issue No. 456]

 
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Maekyung Buyersguide Corp.'s Korea Buyers Guide, an overseas publicity / marketing magazine for Korean merchandise,
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