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Eastern Gear Achieves Triple Crown with Its Proprietary Technology
Eastern Gear Achieves Triple Crown with Its Proprietary Technology
Eastern Gear has garnered the prestigious honor of a triple crown this year, winning the Grand Prize at the 2024 GIF Global Startup Idea Competition, the Excellence Award at the 2024 Reignite IR under the Comeback Success Package, and the Encouragement Award at the RoboWorld IR Innovation Day. Through these accolades, Eastern Gear has officially proven its technological prowess and confirmed its growth potential.
In particular, Eastern Gear is actively pursuing Series A funding this year and has secured investments totaling 2 billion KRW to date. The funds will be utilized to advance its proprietary globoidal worm gear technology and product innovation, enabling the company to deliver greater value to domestic and international customers. Eastern Gear also plans to secure additional funding to focus on global market expansion and the development of cutting-edge technologies.
Kwak Yoo-Hyun, CEO of Eastern Gear, stated, “Building on our triple crown victory and successful fundraising efforts, we aim to expand our global presence while continuously delivering innovative products that meet and exceed customer expectations.”
Source: Monthly Robotics Technology
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