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CK Solution Awarded the '$20 Million Export Tower' at the 55th Trade Day
Date : 2021-03-16
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[Big Data News = Reporter Lee Byung-hak] CK Solution Co., Ltd. (CEO Kim Yu-gon) was honored with the prestigious $20 Million Export Tower at the 55th Trade Day ceremony held at COEX in Samseong-dong, Seoul, on the 7th.
With this latest achievement, CK Solution has reached its third major export milestone, following the receipt of the $5 Million Export Tower in 2014 and the $10 Million Export Tower in 2017.
At the ceremony, Kim Yu-gon, CEO of CK Solution, announced, > "We successfully achieved $28 million USD in exports between July 2017 and June 2018. In particular, our export performance in the Chinese and European markets has grown exponentially."
He further added, > "We are currently planning long-term global projects not only in China and Europe but also in the United States and other regions worldwide, leading us to expect continued, steady performance improvement. I would like to express my deepest gratitude to all CK executives and employees who have delivered these outstanding results despite a challenging economic environment."
During this evaluation period, CK Solution recorded $18 million USD in exports to the Chinese market and $10 million USD to the European market. These figures demonstrate that the company is not only solidifying its well-established foothold in China—a market it targeted early on—but is also successfully anchoring itself in Europe, which is still in its initial expansion phase.
CK Solution’s steep growth trajectory is heavily driven by the rapidly expanding global electric vehicle (EV) market. Transitioning into the ultimate future of eco-friendly transportation, EVs are gaining unstoppable momentum across Europe, the US, and China, with India, Japan, and South Korea poised to follow. The inevitable surge in the EV market directly accelerates the growth of the EV battery industry. Crucially, CK Solution is a specialized enterprise that designs and constructs the high-tech Dry Rooms and Clean Rooms absolutely essential for battery manufacturing.
Recent market research and regulatory movements in advanced economies, including Europe, indicate that the EV battery market is bound to experience continuous growth over the next 10 to 20 years. CK Solution plans to further reinforce its market-leading position within this EV battery sector. Moving aggressively, the company penetrated the US market this July by securing a 7.5 billion KRW project, and has already surpassed $15 million USD in exports in the second half of 2018 alone.
In line with these achievements, an official from CK Solution tentatively anticipated that the company could achieve 100 billion KRW in revenue in 2019 for the first time since its founding. Industry attention is now keenly focused on how far CK Solution will elevate its global standing in the Dry Room and Clean Room industries.