Junggi Central Association Supports Joint Purchase of Imported Raw Materials for Small and Medium Enterprises
Amid a sharp decline in cargo imports from China due to the recent novel coronavirus impact, on the 6th, the designated warehouse at Incheon Airport Customs in Yeongjongdo, Jung-gu, Incheon, showed a noticeably empty appearance, unlike the usual days when it was filled with cargo./Yeongjongdo=Photo by Kim Hyun-min kimhyun81@
View original image[Asia Economy Reporter Moon Hyewon] The Korea Federation of Small and Medium Business (KSMB) announced on the 16th that it is accepting applications for joint purchase support of imported raw materials to assist small and medium enterprises (SMEs) struggling with the supply of raw materials due to the novel coronavirus disease (COVID-19).
The support targets SMEs facing difficulties in importing raw materials due to COVID-19. The application period is from the 17th to the 2nd of next month.
Companies wishing to apply can download the relevant forms from the KSMB website and submit their applications via email.
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This system operates by having specialized trading companies lower the unit price of imported raw materials through joint purchasing. The KSMB collaborates with the Ministry of SMEs and Startups, Industrial Bank of Korea, Korea Credit Guarantee Fund, and Korea Technology Finance Corporation to issue guarantees or provide loans.
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