The company will employ 30 within three years, said Dan Foley, Montgomery County commissioner. Pillkoo Ryou, president and chief executive officer of Nautilus Hyosung, called the decision to locate in Montgomery County “relatively easy.”
“From a staffing perspective, the Dayton area has a deep pool of talent with literally decades of experience in the industries we target and with the customers we serve,” Ryou said. “Dayton also offers world-class educational resources and outstanding local research capabilities to support our business.”
The state of Ohio has awarded $159,000 in job-creation tax credits and another $60,000 in rapid outreach funds for the project, said Erik Collins, an economic development manager for Montgomery County.
The county was competing with New York and Texas for the project, Collins said.
Nautilus Hyosung is a subsidiary of a company based in Seoul, South Korea.
Evans said Nautilus Hyosung has focused on ATMs in convenience stores and retail locations. Saturation of that market has led the company to expand its focus on providing hardware and software for ATMs.
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