East-West Power in-house venture spin-off,
private power facility technology diagnosis service
Korea East-West Power Co., Ltd. announced on the 11th that the 2nd in-house venture PACT-Alliance (hereinafter referred to as PACT) generated a total of KRW 48 million in sales early after the spin-off.
PACT is the 2nd in-house venture company of East-West Power, established as a spin-off on the 17th of last month. Its main business is 'diagnosis of heavy electric equipment for power facilities', and on the 7th, it hired two technical talents from Dangjin, Chungcheongnam-do, where PACT is located, contributing to job creation in the private sector and vitalization of the local economy.
This sales was achieved through the provision of technical diagnosis services to two private companies operating generators and heavy electric equipment for power facilities, including DB Metal, Inc., and laid the foundation for PACT's early growth.
In particular, this sales generation helps to solve social problems such as preventing fires and human casualties by directly distributing PACT's excellent public sector technology to the private sector. It is reflecting on the meaning of creating good jobs that lead the way.
An official from Korea East-West Power said, "This sales is the result of the continuous support of East-West Power's in-house ventures and the good technology in the public sector possessed by the in-house ventures." I will do my best,” he said.
Meanwhile, Korea East-West Power's first in-house venture team 'e-CUPS' won the Excellence Award (the President of Korea Social Enterprise Promotion Agency Award) at the '2019 Social Venture Contest' hosted by the Ministry of Employment and Labor and the Korea Social Enterprise Promotion Agency on the 27th of last month. Efforts to solve social problems have been recognized.
The 3rd in-house venture team 'ESP' is establishing an East-West development-type in-house venture model for realizing social values, such as hiring two local college students who want to start a business as part of support for nurturing young entrepreneurs.
Source: Ulsan Newspaper
Korea East-West Power Co., Ltd. announced on the 11th that the 2nd in-house venture PACT-Alliance (hereinafter referred to as PACT) generated a total of KRW 48 million in sales early after the spin-off.
PACT is the 2nd in-house venture company of East-West Power, established as a spin-off on the 17th of last month. Its main business is 'diagnosis of heavy electric equipment for power facilities', and on the 7th, it hired two technical talents from Dangjin, Chungcheongnam-do, where PACT is located, contributing to job creation in the private sector and vitalization of the local economy.
This sales was achieved through the provision of technical diagnosis services to two private companies operating generators and heavy electric equipment for power facilities, including DB Metal, Inc., and laid the foundation for PACT's early growth.
In particular, this sales generation helps to solve social problems such as preventing fires and human casualties by directly distributing PACT's excellent public sector technology to the private sector. It is reflecting on the meaning of creating good jobs that lead the way.
An official from Korea East-West Power said, "This sales is the result of the continuous support of East-West Power's in-house ventures and the good technology in the public sector possessed by the in-house ventures." I will do my best,” he said.
Meanwhile, Korea East-West Power's first in-house venture team 'e-CUPS' won the Excellence Award (the President of Korea Social Enterprise Promotion Agency Award) at the '2019 Social Venture Contest' hosted by the Ministry of Employment and Labor and the Korea Social Enterprise Promotion Agency on the 27th of last month. Efforts to solve social problems have been recognized.
The 3rd in-house venture team 'ESP' is establishing an East-West development-type in-house venture model for realizing social values, such as hiring two local college students who want to start a business as part of support for nurturing young entrepreneurs.
Source: Ulsan Newspaper