BLUELABS Co., Ltd. (CEO Sang-ho Jeong), which develops high value-added products using waste oyster shells, such as water treatment agents that absorb water pollutants, has been selected as a 'Little Penguin' company by the Credit Guarantee Fund and will receive a total of 1 billion won in financial support over the next three years. 

Credit Guarantee Fund's 'Little Penguin' is a program that supports the growth of innovative startups with high technology and promising and creative ideas, and is one step closer to becoming 'First Penguin', Credit Guarantee Fund's representative startup support program. It is a system.

BLUELABS Co., Ltd. has been recognized for its unrivaled high value-added business value and technological prowess in the oyster shell resource market, and is collaborating with large companies such as SK Eco Plant, LG Electronics, and Samsung Electronics, and through this, is attracting industry attention.

In particular, it was the only company in East Asia to be selected for the 'Watertech & Sustainability Deployment Program' of 'Techstars', the world's largest early stage investment company, and was recently selected by 'PLUG AND PLAY', one of the leading investment companies in Silicon Valley, USA., and is recognized globally for its business innovation.

CEO Jeong Sang-ho explained, “This selection of ‘Little Penguin’ is recognition of our technology and business growth ability,” and “It will be a good opportunity to accelerate rapid and impactful growth to become ‘First Penguin.’”