Greene Tweed, a global supplier of advanced materials and high-performance sealing solutions, has received the Minister of Trade, Industry & Resources Award as a foreign-invested company at the Korea Foreign Company Association’s 2026 Foreign Company Day. The award recognises Greene Tweed’s contribution to the growth of South Korea’s semiconductor market and its continued investment in local manufacturing and customer support.
Foreign Company Day is hosted annually by the Korea Foreign Company Association (FORCA) and the Ministry of Trade, Industry and Resources to recognise contributions to foreign investment and South Korea’s economic development. Magen Buterbaugh, Greene Tweed’s president and chief executive, accepted the award on behalf of the company at the ceremony in Seoul on 3 November 2026.
Expanding semiconductor manufacturing in South Korea
The award comes as Greene Tweed expands its presence in South Korea as part of its long-term strategy to serve the semiconductor industry. The company has expanded its dedicated Chemraz cleanroom manufacturing operations at its Ochang facility and added equipment to increase production capacity for demanding semiconductor applications.
“Greene Tweed is honoured to receive this recognition, which reflects our long-term commitment to Korea’s semiconductor industry and the strong partnerships we have built across the region,” said Buterbaugh. “Korea is one of the world’s most important semiconductor manufacturing markets, and our investment in the region underscores our confidence in its growth and commitment to delivering the advanced materials, engineering expertise and manufacturing capabilities customers need for increasingly demanding applications.”
“This award is an important milestone for Greene Tweed in Korea and affirms the role the organisation plays in enabling semiconductor innovation,” said JT Kim, Greene Tweed’s manufacturing site operations leader in South Korea. “We are expanding capacity, technology and local capabilities to ensure customers have access to the materials and solutions for the next generation of semiconductor manufacturing.”
Buterbaugh also met government and industry leaders, including officials from Chungcheongbuk-do Province, to discuss ways to strengthen co-operation and support the company’s continued growth in South Korea.
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