Gwangju City Supports Customized Export Success Package for Small and Medium Enterprises
[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 17th that it will newly establish and implement the ‘Customized Export Success Package Support Project for Companies’ to support local small and medium-sized export companies facing export difficulties due to the rapidly changing trade environment and the COVID-19 pandemic.
The project provides an integrated voucher worth about 15 million KRW (including 10 million KRW in city subsidies and a 30% self-payment) that offers various opportunities to use 6,000 services from about 1,000 performing institutions necessary for export, such as design development, translation and interpretation, strategic consulting, overseas certification, participation in domestic and international exhibitions, and online and offline export marketing.
In particular, 1:1 close consulting by trade experts from the Korea Trade-Investment Promotion Agency (KOTRA) covering all aspects of companies’ overseas marketing activities is also provided.
Local small and medium-sized enterprises wishing to participate (with export performance under 20 million USD in the previous year) can apply by submitting an application form to the Gwangju-Jeonnam KOTRA Support Group by the 28th through the recruitment announcements posted on the KOTRA website and the Export Voucher website.
In addition, Gwangju City is conducting various projects to support export activities of local SMEs, including early support for export promotion funds, dispatching overseas market development teams, group participation in international promising exhibitions, and online export marketing.
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Park Nam-eon, Director of the City’s Job and Economy Office, said, “In the face of a potentially concerning global economic downturn due to COVID-19, we will continuously listen to voices from the field, communicate, and focus regional capabilities on the innovative growth of SMEs and resolving export difficulties to minimize the economic impact on our small and medium-sized enterprises.”
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