Ministry of SMEs and Startups Opens Applications for This Year's Financial Support Awards

[Asia Economy Reporter Moon Hyewon] The Ministry of SMEs and Startups announced that it will accept applications for the "25th SME and Startup Financial Support Awards" from the 12th of this month until the 12th of next month, targeting individuals and institutions who have contributed to financial support for small and medium-sized enterprises.

The awards will be given in approximately 75 categories, including Presidential Citation, Prime Minister Citation, Minister of SMEs and Startups Citation, Minister of Strategy and Finance Citation, Minister of Trade, Industry and Energy Citation, and Chairman of the Financial Services Commission Citation (2 organizations and 73 individuals).

In particular, this year, the Ministry plans to consult with related ministries to further expand the rank and scale of awards to recognize financial institutions that have made efforts to support companies affected by the novel coronavirus disease (COVID-19).

The scale of the awards will be finalized 90 days before the event and will be presented at the "25th SME and Startup Financial Support Awards Ceremony" scheduled for the end of the year (in December).

The awardees will include banks, non-bank deposit-taking institutions, other financial institutions, and their affiliated executives and employees who have made significant contributions to the growth of SMEs and the resolution of business difficulties through financial support.

Applicants wishing to receive the award should apply at the head office of each financial institution, and each financial institution will submit the applications collectively to the Ministry of SMEs and Startups.

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