Geumcheon-gu Provides Up to 3 Million KRW Support to Companies Participating in Exhibitions

Support for 11 Companies Including 8 Domestic and 3 Overseas SMEs in Geumcheon-gu... Booth Rental and Ancillary Facility Fees Supported, Up to 1.5 Million KRW Domestic, 3 Million KRW Overseas... Applications Accepted at Geumcheon-gu Office Regional Economy Division from 10th to 29th

[Asia Economy Reporter Jong-il Park] Geumcheon-gu (Mayor Yu Seong-hoon) is promoting the ‘2020 Advanced Industry Exhibition Participation Support Project’ to provide local small and medium-sized enterprises (SMEs) with opportunities to develop domestic and international sales channels.

This year, support will be provided to a total of 11 SMEs: 8 companies for domestic exhibitions and 3 companies for overseas exhibitions. Any SME located in Geumcheon-gu with plans to participate in exhibitions can apply.

The application period is from the 10th to the 29th.

The district will select participating companies through detailed evaluations and a local subsidy review committee, giving additional points to companies with high community donations and social contribution activities, as well as women-owned, disabled-owned, and social economy enterprises. Individual notifications will be made by the end of February. However, companies with local tax arrears, those with 300 or more regular employees, and companies receiving duplicate support for participation fees from other institutions or autonomous districts will be excluded from the review.

Exhibiting companies can receive support up to KRW 1.5 million per domestic exhibition company and up to KRW 3 million per overseas exhibition company for booth rental fees and ancillary facility costs.

Companies wishing to participate in the exhibition can download the application form from the announcement board on the Geumcheon-gu Office website (www.geumcheon.go.kr) by the 29th, complete it, and submit it in person to the Regional Economy Division on the 11th floor of Geumcheon-gu Office.

Since 2010, the district has been conducting exhibition support projects to help local companies develop sales channels. So far, it has supported exhibition participation costs for a total of 283 local companies, contributing to the development of sales channels and export promotion for SMEs.

Yu Seong-hoon, Mayor of Geumcheon-gu, said, “Due to recent domestic demand sluggishness and global economic uncertainties, the management difficulties of SMEs are becoming increasingly serious. Through this exhibition, I hope local SMEs can develop sales channels and strengthen their competitiveness to find a breakthrough to overcome internal and external difficulties.”

For more details, inquiries can be made to the Regional Economy Division of Geumcheon-gu Office at ☏2627-1310.

This content was produced with the assistance of AI translation services.