Gwangju Jeonnam Small and Medium Business Administration, Recruiting Promising Export SMEs for the First Half of This Year

[Asia Economy Honam Reporting Headquarters Reporter Lee Gwan-woo] The Gwangju-Jeonnam Regional Small and Medium Venture Business Administration announced that it will recruit 'Promising Export Small and Medium Enterprises for the First Half of 2021' from the 26th of this month to the 14th of next month.

The purpose of this project is to discover and nurture promising small and medium enterprises with high export growth and export potential.

Applications are open to small and medium enterprises with direct or indirect export performance of less than 5 million dollars in the previous year.

Applications and submissions can be made online through the Export Support Center website.

Evaluation will be conducted through document and on-site assessments, and the final decision will be made by the Small and Medium Enterprise Export Support Council hosted by the Gwangju-Jeonnam SME Administration.

Companies designated as promising export small and medium enterprises will receive preferential treatment when participating in export support projects from six institutions including the Ministry of SMEs and Startups and the Korea SMEs and Startups Agency for two years during the designation period. In addition, they will receive preferential export finance and guarantee support from four guarantee institutions including the Korea Technology Finance Corporation and the Korea Credit Guarantee Fund, as well as preferential interest rates and exchange rates from ten financial institutions including Industrial Bank of Korea and NongHyup Bank, totaling 78 preferential benefits from 20 institutions.

The Ministry of SMEs and Startups recruits promising export small and medium enterprises twice a year, in the first and second halves, to support the export capabilities and competitiveness of small and medium enterprises.

In the Gwangju-Jeonnam region, 78 companies were designated as promising export small and medium enterprises in 2019, and 67 companies last year.

For more details, please refer to the Export Support Center website or the announcement section of the Ministry of SMEs and Startups website.

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