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World-Class Products of Korea 2012

Korea¡¯s World-Class Products Capture Global Markets
The Ministry of Knowledge Economy has added 58 items to the list of ¡°Korea¡¯s World-Class Products¡± as of 2012.

The ¡®World-Class Product¡¯ project has marked its 11th anniversary since it was launched in 2001 while the number of certified companies has steadily increased from 120 in 2001 to 553 in 2012.

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 2012.

Korea Buyers Guide, in conjunction with the Korean government, describes and recommends these Korean World-Class Products to buyers and marketers worldwide, 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.

Botulinum Toxin Type A Biopharmaceutic

Botulinum Toxin Type A Biopharmaceutic, Neuronox, was approved and launched for the Korean market in 2006. It is widely used not only in the cosmetic field, including facial wrinkle reduction, but also in the therapeutic field, for people with cervical dystonia, cerebral palsy, etc. It is registered in 23 countries and in the process of registration in other 25 countries.

Fingerprint Identification System

The VIRDI range comprises of a variety of technology and solutions for the following applications: - Access / Time & Attendance Terminals - Access control, Biometric Template and Device management software - Time & Attendance Software

MP3 Multimedia Language Lab. System

Orient AV's MP3 Multimedia Language Lab. System, NuriNET-AOD, is a new-concept digital multimedia language laboratory system based on MP3 technology. It is the best language education solution which has never been developed before. It revolutionizes the existing language education environment, which is based on cassette tape recorders, to a state-of-the-art MP3-technology-based digital multimedia language learning system.

Native Language Internet Address

The Native Language Internet Address(NLIA) technology allows users to choose a name that is easy to remember and use that name instead of writing down the domain name to enter a certain website. Instead of using Roman English letters with prefixes and suffixes(ex. 'www.', '.com'), users can type meaningful words in their own language in the address bar to reach certain websites.

Medical Laser

Lutronic Corporation is a publicly traded manufacturer of quality medical laser systems. Products include systems for all aspects of photosurgery, including fractional laser resurfacing, tattoo and pigmented lesion removal, non-ablative and ablative rejuvenation, facial and body contouring, hair removal, treatment of vascular lesions, photorejuvenation.

3D Reverse Engineering Software

INUS Technology's 3D Reverse Engineering Software, Rapidform XOR, is the only reverse engineering software that combines CAD with 3D scan data processing so you can create parametric, editable solid models of virtually anything you scan.

Body Composition Analyzer

InBody is a body composition analyzer. It analyzes and give data of the person's Weight, Skeletal Muscle Mass, Body Fat Mass, Total Body Water, Fat Free Mass, BMI, Percentage Body Fat, Waist-Hip Ratio (WHR), Basal Metabolic Rate (BMR), Segmental Analysis of Fat and Lean (Right arm, Left arm, Trunk, Right leg, Left Leg), Muscle Control, Fat Control, and Impedance of each segment.

Bluetooth Hands-free Car kit

Most will agree that a mobile phone is a fabulous invention, but they do keep the hands tied up and cause distracted driving. DriveNTalk's Bluetooth hands-free car kits offer people a way to talk on the phone without having to use their hands while driving.

Portable BUTANE GAS CARTRIDGE

Butane gas canister has been designated to give better conveniences and quality of safety for customer. Daeryuk Can company has been doing research and development activities for a long time to make safe portable butane gas canister.

Plastic Friction Toy Car

We recently heard on the news about a toy company with both a world-class product and a unique management and social responsibility philosophy. A series of long bus rides finally ended up with us standing in front of the main building of Daesung Toys, a company based in Busan, Korea.

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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]

A Vital Agency Aiding Korea¡¯s Economic Development  [Issue No. 454]

 
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has proudly contributed to export expansion of South Korea for more than 30 years since January 1974.
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