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IDIS, the South Korean surveillance product manufacturer, has received two World Class Product of Korea awards from the Ministry of Trade Industry and Energy (MOTIE) and the Korean Trade-Investment Promotion Agency (KOTRA).
Korean companies and their exports across industry sectors – ship building, plastics, petrochemicals and electronic goods – are selected. To qualify, the global market needs to exceed $50M and be twice the size of the Korean domestic market with exports accounting for more than 30pc of the same product sold in Korea. Total Korean sales of that product must be ranked top five in terms of global market share and in 2015 sales of Korean IP dome cameras and NVRs indeed ranked fifth in the world with more than five percent market share, qualifying them to be evaluated within this highly-respected awards program.
Each company is appraised by its relevant industry association where the findings are then presented to MOTIE and KOTRA for evaluation. IDIS and other Korean surveillance manufacturers were judged by a panel from the Korean Electronics Association (KEA). Besides financial data the judges also looking for assurance of product quality, reliability, technical capabilities and marketability. IDIS proved, based on 2015 financial data, that export sales of both its IP dome cameras and NVRs met the benchmark of more than $5M of global exports annually.
MOTIE and KOTRA awarded IDIS with two awards for IDIS IP dome cameras and DirectIP NVRs.
Joon Jun, President of the Global Business Division, IDIS, said: “Our level of exports clearly demonstrates that customers around the world recognise and appreciate the quality and reliability of IDIS products. This recognition really cements the fact that IDIS has grown to become a truly global player in the world security market. IDIS recently kicked off its 20th anniversary and celebrated two decades of innovation at Intersec in Dubai, UAE and these awards clearly demonstrate why IDIS has been at the forefront of surveillance for over 20 years. We fully intend to continue that trend through our commitment to research and development and by remaining first to bring new technologies and products to market.
“I’d like to take this opportunity to thank KEA, MOTIE and KOTRA for their partnership approach and to all the judges for their time spent evaluating IDIS and its products as well as all the other Korean companies involved.”