Vault Creation Co., Ltd., a start-up company, was selected the first company in the KOREA FEDERATION OF CREDIT GUARANTEE FOUNDATIONS, which can receive up to 300 million KRW in operating funds for the three years, considering its future business opportunities.
Vault Creation Co., Ltd. is a dry etching and manufacturing-based venture company with unique technology for micro etching. In recent years, we have succeeded in etching the polyimide film to 10 micrometers for the first time in the world, and we are preparing production lines for mass production.
Also, Vault Creation Co., Ltd. has decided to cooperate with the KOREA Techno-Venture Foundation to launch products in the domestic market and enter overseas market.
Vault CreationCo., Ltd. was selected as POSCO’s ‘ Idea Market for Technology Investment ‘ in 2016 and was subsequently named TIPS. In 2017, it was selected as the best venture business project organized by the Korea Venture Business Association and has a systematic capacity.
Since the founding of the company in 2015, there was a time that the company was in great financial difficulties because of a lot of expenses in investment. However, after Vault Creation met experts who directed the company to right business direction, the company has grown with great financial and reputational achievement.
The founder of the company, in his mid-40s, explained that the results of short-term research and commercialization in the difficult environment of a manufacturing-oriented entrepreneur could not have been possible without the investment of domestic investors and the systematic support of the government. He also mentioned the social request as following.
“There will be a lot of domestic start-up technology companies that have world-class technology. They are waiting for the active supports from other companies and organizations. Currently, many investments are being made only in IT industries. The overall investment and institutional support is neglected in manufacturing industries. It was such a rare opportunity for me to get governmental level support, and I know it does not happen easily. I would like this opportunity to go to other manufacturing-related entrepreneurs. I do hope it gives them a lot of opportunities because manufacturing is the country’s fundamental.”
Vault Creation is aiming for continuous growth in hopes to be listed within two years.
In order to create a large number of global manufacturing-based companies, our investors and institutions will have to take concrete measures aimed at long-term investment and systematic financial support. This will prevent their own manufacturing companies from leaving Korea. And it will not happen that the competitiveness of the country is guaranteed to foreign companies.