Jungjingong Extends Support Period for Companies Participating in Export Voucher Program

Panorama of the Small and Medium Business Corporation

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation announced on the 4th that it has prepared export support measures for small and medium enterprises affected by the spread of the novel coronavirus infection (COVID-19).

This measure will be promoted through a special recruitment announcement for the Export Voucher Project and an extension of the support period for participating companies. The Export Voucher Project offers access to over 6,000 export support services, including ▲global buyer discovery ▲participation in overseas exhibitions ▲acquisition of international certifications.

In collaboration with the Ministry of SMEs and Startups, a special budget of approximately 10.3 billion KRW has been allocated, and applications will be accepted from the 5th to the 18th for support.

The support targets are ▲SMEs affected by delays in exports and imports to and from China due to COVID-19 ▲venture and startup companies engaged in infection prevention and diagnosis-related industries ▲innovative industrial leading companies (Brand K, companies located in regulatory free zones, companies with smart factory adoption). Selected companies will receive support in the form of vouchers up to 100 million KRW depending on their export scale from the previous year.

To resolve difficulties in export marketing activities of companies already participating in the Export Voucher Project, the support period will be extended up to a maximum of six months. The re-participation sanctions for companies with low subsidy usage rates will also be temporarily eased to support affected companies.

Applications for the special recruitment announcement of the Export Voucher Project can be made through the Export Voucher website.

Kim Hyunjin, Head of Export Marketing Business Division at the Small and Medium Business Corporation, said, "The Export Voucher is a project that supports customized overseas marketing services according to scale and capability," adding, "We will continue policy efforts in close cooperation with the Ministry of SMEs and Startups to ensure that SMEs struggling due to COVID-19 can receive practical support."

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