The mask manufacturer Hancom Healthcare (CEO Oh Byung-jin) affiliated with Hancom will be exporting four million pieces of KF94 masks per month to US government agencies.
Hancom Healthcare signed a contract with Huons Global USA and E6 Equity, a local partner of Huons Global USA to supply KF94 masks to the state government of Washington and affiliated organizations in the US. Huons Global USA is an American subsidiary of Huons Global in Korea (Vice Chairman Yun Seong-tae), and E6 Equity is a company that specializes in supplying PPE to US government agencies.
Hancom Healthcare secured high reliability in quality by supplying KF94 masks to the city of Seattle, the fire department, and University of Washington School of Medicine for the first time in Korea without FDA approval through Huons Global USA in July and August. Proven from this, it signed a contract to supply KF94 masks to US government agencies without FDA approval.
Hancom Healthcare (formerly Daeyoung Healthcare), which was acquired as a subsidiary by Hancom Lifecare (CEO Woo Joon-seok) in March this year, is expected to have a production system capable of supplying 600 million units per year from this October through continuous increase in production facilities. Currently, it is expanding to overseas markets by starting exports to Southeast Asia including Hong Kong, Singapore, the Philippines, and Indonesia, as well as to Germany and Australia.
An official from Hancom Healthcare said, "Thanks to the government's ease of restrictions on mask export recently, we have successfully exported to the US government agencies with the efforts to secure overseas export channels. Now, we are planning to open up new sales channels with our partners to expand the supply to all 50 US states."
Established in 1971, Hancom Lifecare is Korea's No. 1 personal safety equipment company in Korea that produces and supplies various safety equipment such as air respirators, heat radiation suits, fire suits, firefighting chemical protective suits, and masks. It was acquired by Hancom in 2017 Since last year, it has started B2C business such as yellow dust prevention masks and disaster safety kits, and has entered the smart city field through the development of an advanced fire safety control platform. It is also actively seeking to expand overseas markets.
Hancom Lifecare is based in Pangyo Technovalley, Pangyo Technovalley is the Asia Tech Hub where more than 1,200 companies in IT, CT, and BT sectors with innovative products and technologies are gathered. Located just south of the Seoul metropolitan area, easy transportation access and infrastructure provides the best environment for Korean companies to conduct businesses.
Various high-tech companies are located here, with more than 64 thousand full-time workers with a vast majority in their 20s and 30s. By industries, companies in the high-tech industry are made up of IT companies, content technology companies, biotechnology companies, and nanotechnology companies.
With the support from innovative companies with global capabilities like Kakao, NHN Entertainment, AhnLab, Krafton, NCSOFT, Nexon, and Hancom at hand, companies in Pangyo Technovalley made over 100 trillion KRW in revenue this year. With a 20% increase from last year, it is expected to become one of the best IT clusters in Korea in near future, along with advanced technology research institutes like Advanced Institute of Convergence Technology, KAIST, ETRI, and KETI working together to develop the relevant technologies further./.
