Songpa-gu Supports Small and Medium Enterprises with Up to 2.5 Million KRW for Market Development Costs

Recruitment of 'Domestic and International Exhibition Participating Companies'... Up to 2.5 Million KRW Support for Selected Companies in the Second Half Following the First Half

[Asia Economy Reporter Jong-il Park] Songpa-gu (Mayor Park Seong-su) will support participation in domestic and international exhibitions in the second half of the year, following the first half, to help small and venture businesses develop sales channels.

Since 2011, the district has been conducting the "Support Project for Companies Participating in Domestic and International Exhibitions" every first half of the year, providing booth rental fees to local companies with technological capabilities and competitiveness.

This year, with an investment of 40 million KRW, which is 10 million KRW more than last year, the district supported sales channel development for 16 companies in the first half of the year.

However, due to the prolonged COVID-19 pandemic, which has intensified difficulties such as reduced business activities and sharp declines in sales for small businesses, the district is launching a second round of support through an additional supplementary budget. Through a separate application, up to 2.5 million KRW per company will be provided for booth rental fees.

Eligible applicants are small businesses registered with a business or factory registration in Songpa-gu that participate in domestic or international exhibitions in 2020. Retroactive applications are possible even if the company has already participated in exhibitions earlier this year.

The application period is from August 3 to August 7. Applicants can fill out the application form and required documents attached to the "Second Half Exhibition Participation Support Project" notice on the district office website and submit them via email (jdavid0429@songpa.go.kr).

In addition, the district continuously recruits companies for small business management fund loans, registration in the customized bidding information system, and participation in excellent product sales exhibitions.

Every Friday, free management and technical consulting by field is provided through village management instructors at the Munjeong Biz Valley Job Hub Center to support small businesses.

Park Seong-su, Mayor of Songpa-gu, stated, "We have decided to additionally support exhibition participation for small businesses struggling with operational difficulties due to the prolonged COVID-19 pandemic. We will generously implement practical policies that companies need to revitalize the local economy and create 'Songpa, a city good for business.'"

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