Daejeon City Selects and Supports 15 Local Star Companies

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 22nd that it has selected 15 star companies to drive the co-growth of local companies in collaboration with Daejeon Technopark.

The city selected star companies from small and medium-sized enterprises (SMEs) based in Daejeon that are related to key regional industries such as wireless communication convergence, robotic intelligence, and bio-functional materials, focusing on those with high growth potential through continuous research and development investment.

Selected companies will receive up to 30 million KRW in the first year for growth strategy consulting, global marketing strategy establishment, and commercialization research and development planning.

They will also receive linked support such as preferential interest rates on SME development funds, increased loan limits, support for independent market development teams, and participation support for inviting overseas buyers.

If star companies apply for the related export voucher support project, they will receive additional points, and upon selection for this project, companies will be differentially supported with 30 million to 80 million KRW per company for purposes such as promotional video production and participation in overseas exhibitions, depending on the export scale.

The support period is basically 3 years, with a maximum of up to 5 years.

The city plans to continue selecting about 15 promising local SMEs as star companies annually and nurture 5 of them as global small giants.

Moon Chang-yong, Director of the Science and Industry Bureau of the city, said, “We will focus on nurturing star companies into global small giants that lead innovative growth of local companies by integrating them with the leading company development program.”

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