Business · Companies · 3 hrs ago
Green Tweed CEO receives South Korean ministerial award
Green Tweed CEO Magen Buterbaugh received a South Korean industry minister’s award at the 2026 Foreign Company Day ceremony.
The award recognized the company’s investment in an industrial zone in Ochang, Cheongju, and its efforts to create jobs for young people.
Green Tweed began building its first South Korean factory there in June 2023, and the factory opened in June 2024.
It can make up to 600,000 sealing rings a year for semiconductor equipment, supplying South Korean semiconductor companies.
Green Tweed plans to invest 43.6 billion won and hire 123 people by 2028, contributing to regional development.
The company has also partnered with two local schools to develop talent and connect students with jobs.
Green Tweed CEO Magen Buterbaugh received a South Korean ministerial commendation at the 2026 Foreign Company Day ceremony.
The award recognized the company’s greenfield investment in the Ochang Foreign Investment Zone and its creation of jobs for young people.
Green Tweed began construction of its first factory in South Korea in Ochang in June 2023.
The factory, completed in June 2024, can produce up to 600,000 O-rings a year for semiconductor equipment.
The company plans to invest 43.6 billion won and hire 123 people by 2028.
- Who
- Magen Buterbaugh, CEO of Green Tweed.
- What
- She received a commendation from South Korea’s Ministry of Trade, Industry and Energy.
- When
- At the 2026 Foreign Company Day ceremony; the company announced the award on November 5, 2026.
- Where
- The investment recognized was in the Ochang Foreign Investment Zone in Cheongju, North Chungcheong Province, South Korea.
- Why
- She was recognized for Green Tweed’s greenfield investment and creation of jobs for young people.
This story does not have two clearly opposing sides.
Buterbaugh took office as CEO of Green Tweed.
Green Tweed began construction of its first factory in South Korea, in Ochang.
The Ochang factory was completed.
Green Tweed signed cooperation agreements with two local schools to link talent development with recruitment.
Green Tweed announced that Buterbaugh had received the ministerial commendation at the 2026 Foreign Company Day ceremony.
- Investment plan
- 43.6 billion won by 2028
- Hiring plan
- 123 new employees by 2028
- Factory capacity
- Up to 600,000 O-rings a year
- Factory location
- Ochang, Cheongju, North Chungcheong Province
- CEO appointment
- January 2023
What people are saying
This award demonstrates our commitment to long-term investment in Korea’s semiconductor industry.
Korea is a key region in Green Tweed’s growth strategy.