Partnership Agreement with Components Manufacturer Daesung Hi-Tech
On the 7th at the Sanggyeok Government Complex of Buk-gu City Hall in Daegu, Acting Mayor of Daegu Kim Jeong-gi (Administrative Vice Mayor, left) and Daesung Hi-Tech CEO Choi Woo-gak sign an investment agreement to build an AI autonomous manufacturing system-based medical factory. Provided by Daegu City
Daegu Metropolitan City and Daesung Hi-Tech Co., Ltd. signed an investment agreement on the 7th at the Sanggyeok Government Complex of Buk-gu City Hall to build a medical factory based on an artificial intelligence (AI) autonomous manufacturing system.
Under this agreement, Daesung Hi-Tech plans to invest KRW 30 billion in its headquarters site within Daegu Technopolis in Dalseong-gun to establish a dedicated medical device production base, the “AI Medical Factory.” Aiming for full-scale operation in September, the company will gradually expand mass-production lines through 2029. In particular, it will concurrently pursue technological advancement by concentrating KRW 12 billion in government support funds, secured through the Ministry of Trade, Industry and Energy’s “AI Autonomous Manufacturing Leading Project,” on research and development (R&D).
Daesung Hi-Tech, a company specializing in ultra-precision parts manufacturing, has since its establishment in 1995 supplied core components for advanced industries such as semiconductors, information and communications technology (ICT), and electric vehicles, growing into a global small but strong enterprise. In 2014, it acquired “Nomura DS,” a Japanese automatic lathe brand with a 70-year history, securing world-class “Swiss-type automatic lathe” manufacturing technology. The company currently exports its products to 27 countries.
The main product of the newly built AI Medical Factory will be the “introducer catheter,” an essential medical device for minimally invasive interventional procedures. As all domestic demand is currently met through imports, localization is urgently needed. A number of domestic medical companies have already expressed purchase intentions, and the product is expected to quickly gain a foothold in the market.
Acting Mayor of Daegu Kim Jeong-gi (Administrative Vice Mayor) stated, “Daesung Hi-Tech’s AI autonomous manufacturing investment will serve as an opportunity to elevate Daegu’s manufacturing competitiveness to the next level,” adding, “The city will provide full support to ensure its successful settlement.”
Myeong Min-jun
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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