Amidst countless businesses that come and go, what if one company stood as a steadfast pillar of Korea’s industry over decades? This is the story of CTR. 

Recently, CTR earned the honor of being selected as a Distinguished Long-Standing Enterprise at the 9th annual awards in 2024, recognized for its exceptional technology, capabilities, and social contributions.

Award Ceremony for the 9th Distinguished Long-Standing Enterprises on November 19, 2024 / From left: Minister of SMEs and Startups Oh Young-Joo, CTR CEO

The Distinguished Long-Standing Enterprise title, organized by the Ministry of SMEs and Startups, isn’t simply given to companies with a long history. Among domestic businesses with over 45 years of operation (16,743 in total), only those excelling in social responsibility, economic contributions, and innovative activities are selected.

This year, out of 82 companies nationwide that applied, only 10 were ultimately chosen. CTR proudly stood among the two companies recognized in the Gyeongnam region.

CTR pioneered Korea’s aluminum forging industry, developing proprietary vehicle lightweighting technologies, and has become a leader in the global electric vehicle parts market. Its groundbreaking technological advancements have earned the trust of world-class automobile manufacturers, solidifying its position as a stable supply partner. These achievements not only demonstrate CTR’s competitiveness in the future mobility market but also played a crucial role in its selection as a Distinguished Long-Standing Enterprise.

Plaque Presented by the Ministry of SMEs and Startups for Distinguished Long-Standing Enterprises

Minister Oh Young-Joo of SMEs and Startups remarked, “Distinguished Long-Standing Enterprises, having weathered challenges such as the oil shock, foreign exchange crisis, and global financial crisis, are exemplary models for many businesses.”

Such words of encouragement resonate deeply with companies like CTR that have endured and thrived.

Messages congratulating CTR’s recognition as a Distinguished Long-Standing Enterprise also poured in from the local community. Changwon Special Case City Mayor Hong Nam-Pyo sent a congratulatory card celebrating CTR’s achievement and offering words of support.

Once again, congratulations to CTR on being named a Distinguished Long-Standing Enterprise! We look forward to its continued innovation and growth as a steadfast pillar of Korea’s industry. 

Introduction Video of CTR as a Distinguished Long-Standing Enterprise