HOME > World-Class Products of Korea
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Korea's World-Class Products Capture Global Markets
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The Ministry of Knowledge Economy has added 58 items to the list of ¡°Korea¡¯s World-Class Products¡± as of 2011.
The ¡®World-Class Product¡¯ project has marked its 10th anniversary since it was launched in 2001 while the number of certified companies has steadily increased from 120 in 2001 to 553 in 2010.
In addition to Korea¡¯s 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 three years.
Korea¡¯s best-quality products top the list in a number of different global markets, including memory semiconductors, seawater desalination equipment, merchant vessels, polyester LM fiber, cycling shoes, refrigerators, electric equipment for ships and half-submerging drilling ships, just to name a few.
For instance, as many as 119 goods manufactured by Korean companies enjoyed the biggest market share in the global market as of the end of 2010.
In addition to the 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 Product¡¯ after rigorous screening processes.
The Ministry of Knowledge Economy recently awarded the certification of ¡®World-Class Product¡¯ to 58 items in December 2010. They include 32 World-Class Products, which rank in the top five in the global market and 26 Next- Generation World-Class Products, which have the potential of fulfilling World-Class product requirements within the next three years.
So far, a total of 553 products have been selected as World-Class Products or Next- Generation World-Class Products among candidate goods that meet the requirements as of 2011. 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 identify 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 products.
In addition to Korea¡¯s 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 three 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 relevant 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.
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3D Dental Scanner
Medit Corp. was first established in 2010 with innovative technology offering 3D digital
solutions for dental market by enabling the merge of mass production and individual customization
into fast, cost-efficient workflows. Medit employees key technologies from its parent company,
Solutionix Corp., which has been developing high-end 3D scanning technology in industrial field
over 10 years. The key features of 3D dental scanner ¡°Identica¡± are as follows.
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Intra oral Dental Light System, ¡°eBite¡±
Dentozone¡¯s Intra oral Dental Light System, ¡°eBite¡± is an
intraoral illuminating apparatus that can effectively illuminate the
inside of patient¡¯s mouth with its high quality LED. Dentist easily
exam inside of Buccal cavity medical examination without dental
light. Also the patient can confirm by mirror. It can confirm before
and after implant, scaling, whitening treatment.
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14-bit Digital Mammography & Modality Imaging Solutions
As medical system is getting more computerized and digitalized, filmless
imaging solutions are more required and demand more special performance.
Under the circumstances, high-performance and multi-function medical
monitors are strongly demanded and, therefore, KOSTEC designed these
monitors for the sake of the solutions of the needs.
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Dance Floor Games ¡°PUMP IT UP¡±
Pump It Up TX has a 50-inch widescreen display with greatly improved
screen resolution, brand new cabinet, awe-inspiring audio and a dazzling light
show presentation. Pump It Up TX also comes with Fiesta EX, the newest version
software of Pump it Up series.
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Prefabricated Building System
With a high strength steel frame, the
innovative Prefabricated Building System
(PBS) from Caravan ES is capable to easily
assemble, dis-assemble, and re-install.
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Ultra High Performance Tire
Kumho Tires¡¯ technical leadership in the field of Ultra High
Performance Tires was proven by its flagship UHP tire brand
¡®ECSTA,¡¯ which has enjoyed tremendous popularity since it made
first debut in 2002. ECSTA provides UHP full line-up tailored to
diverse consumer needs.
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Hangover Recovery Dinks
With an overwhelming 52% of market share, CJ Heot-gae Condition is the leading
hangover recovery drink in Korea where the market for hangover recovery drinks is
projected to exceed 234 billion won this year.
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Shin Ramyun Black
Nongshim has remained at the forefront of the Korean food
industry for decades. Since its inception of 1965, we have risen as
one of the most trusted companies by developing and marketing an
array of bestselling instant noodles, snacks, beverages. Nongshim¡¯s
number one brand ¡®Shinramyun¡¯ is selling in over 80 countries.
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Fruit & Vegetable Juice
Launched by Woongjin Food, a specialist in production of health
beverages in Korea, Jayeoneun is the No.1 brand in the Korea¡¯s fruit-vegetable
juice market with a share of 40%. In particular, Jayeoneun's tomato, aloe and
carrot juices have gained a firm ground as the representative healthy beverage
brand in line with an increasingly growing preference of consumers for
naturally healthy or organic products in the country.
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Slow Juicer
Hurom LS chairman and founder Kim Young-ki spent more than 30 years
perfecting the Hurom juicer and extractor. Hurom¡¯s patented Slow Squeezing
system gently extracts juice, maintaining its colour, flavour and nutritional value.
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