Guro-gu Supports Participation Fees for Companies Joining Overseas Branch Project

KOTRA Overseas Trade Centers Act as Local Branches for SMEs Struggling with Independent Overseas Expansion... 10 Local Companies Selected for a Total Support of 15 Million KRW ... Visit or Mail to District Office Economic Department

[Asia Economy Reporter Jongil Park] Guro-gu (Mayor Lee Seong) is providing participation fee support to companies participating in the Overseas Branch Project.

The "Overseas Branch Project" is a program where KOTRA's overseas trade centers act as local branches on behalf of small and medium-sized enterprises (SMEs) that find independent overseas expansion difficult.

It assists with export contracts, obtaining permits, brand promotion, establishing local corporations, and provides warehouse and logistics consulting through the use of shared logistics centers.

This year, Guro-gu will select 10 local companies participating in KOTRA's Overseas Branch Project and support 50% of the participation fee (up to 1,750,000 KRW). Support is available once per company per year for one trade center. Companies that benefited in 2019 or withdrew midway, companies that received support from other institutions for the same trade center, and companies with national or local tax arrears are excluded.

Companies wishing to apply should prepare a business registration certificate, product description, and application form, and submit them by phone, visit, or mail to the District Office's Regional Economy Division. Applications close when the budget is exhausted. For more details, refer to the district office website.

A Guro-gu official stated, "We hope this Overseas Branch support project will help business owners struggling with exports," and added, "We will continue to prepare various policies to support local SMEs in pioneering overseas markets."

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