Jeonbuk Province, Recruiting 20 New Leading Companies

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Jeonbuk Province and the Jeonbuk Technopark Foundation announced on the 28th that they will recruit the ‘2020 New Leading Companies’ to drive regional economic development starting from the 2nd of next month.

The Leading Company Development Project is a program that supports Jeonbuk companies, which play a central role in the growth ladder of small and medium enterprises in Jeonbuk Province, to enhance their global competitiveness, revitalize the regional economy, and create quality jobs.

Eligible applicants are companies in the regional industrial manufacturing sector with headquarters or business sites located in Jeonbuk Province, having corporate-affiliated research institutes or dedicated research departments, and with sales of 5 billion KRW or more but less than 100 billion KRW in the previous year (for ICT and agriculture & life sciences sectors, 2.5 billion KRW or more).

The selection process involves a first round of document screening through online applications, followed by a second round of on-site evaluation assessing the business environment and management status, and a third round of interview evaluation where the CEO of the applicant company presents management strategies and participates in an interview to verify innovation foundation, innovation activities, and technology management. Finally, the ‘Leading Company Steering Committee’ conducts a comprehensive review to make the final selection.

Companies designated as leading companies through this process will receive support for five years until 2024, including technology development, resolution of on-site technical difficulties, marketing and customized consulting, as well as support for recruitment platforms, in-house startups, and leader innovation capacity-building programs.

The recruitment period for the Jeonbuk Province Leading Company Development Project is from the 2nd of next month to April 3rd, and the application submission period is from the 25th of next month to April 3rd.

Companies wishing to be designated as ‘Leading Companies’ can apply online through the Jeonbuk Technopark website by April 3rd. More detailed information can be found in the announcement on the websites of Jeonbuk Province and Jeonbuk Technopark.

Na Seok-hoon, Head of the Job Economy Headquarters of Jeonbuk Province, said, “Leading companies are the central axis of the small and medium enterprise growth ladder system in Jeonbuk Province. We will spare no support to foster leading companies so that they continuously serve as growth hubs for the regional industrial economy and grow from regional companies into nationwide enterprises.”

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