Ministry of SMEs and Startups Opens Applications for 'Prestigious Long-Established Companies'... "Discovering Small and Medium Enterprises and Mid-sized Companies"

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 14th that it will accept applications for the Prestigious Long-Established Companies program, which discovers and supports small and medium-sized enterprises (SMEs) and mid-sized companies.

The application period for the Prestigious Long-Established Companies program will be open until the 29th. The program aims to discover and support SMEs and mid-sized companies that have contributed significantly to society through long-term business operations and are expected to continue sustainable growth across generations.

Companies selected as Prestigious Long-Established Companies will be issued a certificate and a plaque. They can attach the Prestigious Long-Established Company mark to their products to promote their company or products domestically and internationally. Additionally, they will receive benefits such as extra points or priority selection when applying for support projects from the Ministry of SMEs and Startups, including funding, export, and manpower support.

To be selected as a Prestigious Long-Established Company, the SME or mid-sized company must have continuously operated in the relevant industry for 45 years, demonstrate economic contributions such as stable job creation and faithful tax payment, social contributions such as compliance with laws and social responsibility, and excellence in corporate capabilities including brand recognition.

The Prestigious Long-Established Company certification system was introduced in 2017 to present a desirable corporate image for the growth of SMEs and mid-sized companies and to spread a corporate culture where exemplary companies fulfilling social responsibilities are respected. So far, a total of 14 companies have been selected as Prestigious Long-Established Companies over four rounds.

Starting this year, the public can also recommend companies online for certification as Prestigious Long-Established Companies through a national recommendation system. Detailed information about the application process for the Prestigious Long-Established Companies program can be found in the announcement posted on the Ministry of SMEs and Startups website.

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