Greetings from DASCO Co., Ltd., a specialist in heat exchangers and cooling solutions.

DASCO is accelerating its expansion into the rapidly growing global energy market, driven by its proprietary heat exchanger technology that maximizes cooling efficiency. Recently, the company achieved a major milestone by being selected for three major government support programs, establishing a solid foundation to leap forward as a global hidden champion.

■ Securing a “Triple Crown” in Government Programs: Completing a Robust Growth Axis DASCO was recently selected for three key national initiatives organized by the Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of SMEs and Startups (MSS):

• New Business Creation: Business Restructuring Support Program (MOTIE)
• Enterprise Scale-Up: “Jump-Up” Program (MSS)
• Global Expansion: Global Small & Medium Enterprises 1000+ (MSS)

Through these selections, DASCO has built a strong growth pipeline connecting [New Business Creation ➔ Enterprise Scale-Up ➔ Global Expansion]. Leveraging these initiatives as powerful catalysts, DASCO plans to aggressively expand its core business across international markets.

■ Water-Cooled & Air-Cooled Capabilities: Targeting Plant Markets in Water-Scarce Regions DASCO is a technology-intensive enterprise equipped with proprietary capabilities in both water-cooled and air-cooled heat exchangers. Notably, DASCO’s technology—engineered for maximized cooling efficiency—holds a strong competitive edge in large-scale plant markets located in water-scarce regions, such as the Middle East. Based on these differentiated technical capabilities, DASCO will actively penetrate the global plant infrastructure market.

■ Expanding into Eco-Friendly Future Industries: Hydrogen, Ammonia & ESS DASCO’s vision extends toward the future green energy landscape. In addition to advancing its core heat exchanger technology, the company is actively researching and reviewing new growth drivers, including zero-carbon energy technologies (such as hydrogen and ammonia applications) and Energy Storage System (ESS) solutions.

Through relentless technological innovation and continuous market pioneering, DASCO Co., Ltd. remains committed to establishing itself as a global leader in energy solutions. We invite your continued interest and support in our dynamic journey forward.

Thank you.

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The event was attended by Chairman Geun-young Lee and CEO Sang-gyu Lee of DASCO Co., Ltd. Along with the plaque presentation and a commemorative photo session, the attendees shared insights on the company’s growth strategy and future development directions.

The “Jump-Up Program” is a scale-up support project designed to intensively nurture promising small, medium, and mid-sized enterprises with over seven years of operation that possess the capability to enter new businesses and global markets. Over a three-year period, selected companies receive an array of linked government support programs, including growth strategy consulting by private experts, open vouchers, investment attraction, networking for global market expansion, policy funds, research and development (R&D), and export support.

Since its establishment in 2000, DASCO Co., Ltd. has grown into a leading specialist in heat exchangers for the plant, energy, and shipbuilding & marine industries. The company develops and supplies various heat exchangers and cooling systems applied to LNG, hydrogen, and eco-friendly energy sectors. In particular, in line with the recent expansion of the hydrogen and renewable energy markets, DASCO is expanding its footprint in the global market by focusing on the development of high-efficiency heat exchanger technologies and next-generation cooling solutions.

Through its selection for the Jump-Up Program, DASCO plans to further accelerate technological innovation and business diversification to secure future growth engines. Specifically, the company aims to aggressively pursue new product development and overseas market pioneering targeting the eco-friendly energy and global plant sectors, leaping forward as a globally competitive “hidden champion.”

Ji-woo Lee, Director of KOSME’s Busan Regional Headquarters, who attended the ceremony, stated, “We highly value DASCO’s excellent technological prowess and growth potential. We expect the company to grow into a leading enterprise competitive in the global market by actively utilizing the various support systems provided through the Jump-Up Program.” He added, “We will fully back the company and remain ready to provide support whenever any business difficulties arise.”

An official from DASCO Co., Ltd. remarked, “The selection for the Jump-Up Program is a testament to the recognition of the technological capabilities and growth potential we have accumulated over the years.” The official added, “Through closer cooperation with KOSME, we will further expand the discovery of new future businesses and accelerate our entry into global markets, ultimately growing into a company that contributes to the advancement of South Korea’s energy industry.”

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Building on its advanced heat exchanger technologies accumulated through years of experience in the shipbuilding and plant industries, the company is actively engaged in the development of hydrogen fuel–related equipment and components.

In particular, DASCO is actively participating in hydrogen-related R&D projects, focusing on the development of core heat exchanger components capable of operating reliably under ultra-low temperature and high-pressure conditions.
In addition, the company is expanding its cryogenic heat exchanger technologies—previously applied to LNG-fueled vessels—into hydrogen plants and the environmentally friendly energy sector. Through this expansion, DASCO aims to provide comprehensive solutions across various stages of the hydrogen value chain, including hydrogen production, storage, and transportation.

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Building on its extensive experience in manufacturing heat exchangers for shipbuilding and offshore plant industries, the company is expanding its business scope into the production of ultra-low temperature and ultra-high pressure heat exchangers for liquefied hydrogen production processes.

Through the Southeast Region Business Restructuring On-Site Support Center operated by the Busan Chamber of Commerce and Industry, DASCO successfully passed deliberation at the 49th Business Restructuring Plan Review Committee, securing final approval.

This approval enables the company to innovate its management structure and establishes a solid foundation for entering future growth industries.

(Excerpted from a Gaya Ilbo article dated January 7, 2026)

http://www.gayailbo.com/news/articleView.html?idxno=15521

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A hopeful New Year has begun.

As we welcome the Year of 2026, I sincerely wish health and happiness to you and your families.
I would also like to extend my deepest gratitude and appreciation to all of our employees who, despite challenging internal and external conditions over the past year, remained steadfast in their roles and devoted themselves to supporting and sustaining our company.

In 2025, amid an unpredictable and uncertain economic environment, DASCO once again proved its strength both internally and externally through trust, technological excellence, and integrity.
Even in intense market competition, we remained resilient because we upheld the core values of the order-based manufacturing industry: exceptional quality and on-time delivery.
These achievements are the result of your dedication and commitment, and for that, I extend my sincere thanks once again.

Dear colleagues,

The business environment in 2026 remains uncertain.
While growth is anticipated in certain industries such as semiconductors and shipbuilding, concerns over a global economic slowdown, rising raw material costs, and intensifying competition continue to place pressure on the manufacturing sector.

In particular, amid what is often described as a “K-shaped recovery,” fundamental change is essential if we are to avoid stagnation and position ourselves on the upper end of sustainable growth.

Accordingly, we will make securing future competitiveness through innovation our core objective in 2026 and focus on the following three key strategic initiatives.

First, we will strengthen our order intake strategy through selection and focus.
By innovating our cost estimation and cost control systems, we aim to pursue sound and sustainable growth rather than growth in scale alone.

Second, we will achieve differentiation through technological innovation and superior quality.
By maximizing production efficiency and securing overwhelming quality competitiveness, we will continue to uphold the most important promise we make to our customers—trust.

Third, we will establish a culture centered on the “One Team” spirit and safety as our top priority.
By breaking down departmental boundaries and fostering organic collaboration, we will create meaningful synergy.
Above all, safety must remain the beginning and the end of every task.
Through mutual respect and consideration, we must firmly establish a safety culture that ensures not a single workplace accident occurs.

The year 2026 will be a critical turning point for DASCO as we advance toward becoming a strong global competitor.
If we move forward together with a unified mindset and faithfully execute these three strategic priorities, DASCO will continue to grow and thrive regardless of external challenges.

Once again, I wish you and your families a year filled with health and happiness, and I look forward to a bold and forward-moving 2026.

Thank you.

January 5, 2026
Lee Sang-gyu
Chief Executive Officer
DASCO Co., Ltd.

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All executives and employees shared a unified vision of taking the company to the next level—placing innovation, sustainability, and technological excellence at the core of DASCO’s growth strategy. As the company moves forward in 2026, it aims to solidify its global presence through advanced R&D, stronger quality competitiveness, and bold new market expansion.

With this ceremony, DASCO signals its ambition to make 2026 a landmark year of transformation—one filled with growth, opportunity, and global impact.

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