North Gyeongsang Province and secondary battery materials company TCMES Co., Ltd. announced on the 12th that they held a groundbreaking ceremony for a plant at the Sinje-ri site in Jinryang-eup, Gyeongsan-si.

Since its establishment on 17 March 2020, TCMES has recorded steady growth. The company has secured total-solution technology that encompasses core components and production equipment for manufacturing secondary battery separators, as well as polyimide (PI) separators, a next-generation material. It currently employs 32 executives and staff members.

The company was selected in 2021 for the Ministry of SMEs and Startups’ “Global Small Giants 1000+” program, and in 2023 it received the grand prize at “K-Camp Demo Day,” a startup incubation program organized by the Korea Securities Depository. North Gyeongsang Province evaluates the company as an exemplary case in which its priority policy to establish a virtuous cycle structure of venture “discovery–incubation–investment” has translated into actual revitalization of the local economy. The province is supporting innovative companies by combining “G-Star Valley,” its venture incubation infrastructure, with the “G-Star Fund,” a solid funding source.

Through these initiatives, TCMES attracted a total of KRW 4.2 billion in investment, including KRW 2.0 billion from the Regional Industrial Vitalization R&D Fund and KRW 1.0 billion from the Gyeongbuk Happy Enterprise Innovation Venture Fund. Using this as seed capital, it has so far raised a total of KRW 24.0 billion in investment and has also received about KRW 80 million in commercialization funds through six venture support programs run by North Gyeongsang Province.

Shin Tae-yong, CEO of TCMES, said, “North Gyeongsang Province provides a solid foundation for investment support,” adding, “Through the construction of this plant, the company will actively respond to demand from domestic and overseas clients and further strengthen its export capabilities.”

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