Ministry of Industry to Select Over 200 National Representative Innovative Companies Next Year... Financial Support Including Loans

2021 'Innovative Companies National Representative 1000' Comprehensive Financial Support by Ministry of Trade, Industry and Energy Begins
Goal to Select 100 Companies in First Half... Comprehensive Financial Support Including Loans, Investments, and Guarantees for Selected Companies

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced on the 29th that it will include more than 200 medium-sized and small enterprises in the comprehensive financial support target of the 'Innovative Companies National Representative 1000' program next year.

On the same day, the Ministry of Trade, Industry and Energy stated that it has begun the selection process for new companies to be included in next year's 'Innovative Companies National Representative 1000' program.

This program, newly launched this year through collaboration among related ministries including the Financial Services Commission, the Ministry of Trade, Industry and Energy, and the Ministry of SMEs and Startups, aims to increase financial support for innovative medium-sized and small enterprises.

Source: Ministry of Trade, Industry and Energy

The Ministry plans to include more than 200 medium-sized and small enterprises with innovative business models in the support targets next year.

Additional points will be given to companies approved for business restructuring, top-tier companies in materials, parts, and equipment, companies approved under the regulatory sandbox, and producers of next-generation world-class products.

For more details, please check the websites of the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology. The new supported companies will be finalized in the first half of next year.

Source: Ministry of Trade, Industry and Energy

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