Introduction of Public Recommendation System for Seven Projects Including 'Global Small Giants' Application

[Asia Economy Reporter Moon Hyewon] The Ministry of SMEs and Startups plans to implement the 'National Recommendation System,' where citizens directly recommend companies (individuals) participating in the ministry's support projects, starting from the 31st.

The National Recommendation System is a system that allows third-party citizens to recommend eligible companies (individuals) as candidates for support through the relevant website, alongside the existing method where the parties themselves apply directly.

This year, the system will be expanded to seven projects, starting with a pilot for ▲Global Small Giants (export SMEs), followed by ▲Centennial Store Development Project (retail and food service industries), ▲Centennial Small Artisans (small-scale manufacturing), ▲Prestigious Long-lived Companies (SMEs and mid-sized companies), ▲Respected Entrepreneurs (representatives of companies with excellent performance sharing), ▲National Representative SMEs BRAND K (Korea’s national representative joint brand), and ▲Caring Companies (voluntary win-win cooperation companies).

Currently, the Ministry of SMEs and Startups’ support projects require the parties in need to check the project information themselves and apply to participate, so even companies that meet the project objectives sometimes miss out on benefits due to lack of awareness of the information or necessity.

Therefore, the ministry plans to address the blind spots in the scope of beneficiaries and strengthen support effects by concurrently operating a system that utilizes the knowledge and experience of the general public to discover high-quality companies (individuals) that meet the project objectives.

Citizens who wish to recommend candidates for each project can access the ‘National Recommendation’ menu on the Ministry of SMEs and Startups’ website throughout the year and enter the recommender’s information and recommendation details on the relevant project page.

Recommended companies (individuals) will undergo verification of eligibility requirements for each project and follow the same selection procedures as self-applicants. If finally selected, they will receive support for the respective project.

An official from the Ministry of SMEs and Startups said, “Through the National Recommendation System, high-quality companies (individuals) recognized by citizens who have used their products or eaten their food will be able to receive benefits,” adding, “We expect that many promising companies and small business owners hidden around us will benefit.”

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