Jeonnam Province Additional Recruitment of Companies Participating in Technology Development Support for 'Automobile Tuning Parts'

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Jeonnam Province announced on the 6th that it will additionally recruit participating companies for the ‘Tuning Parts Leading Company Customized Support Project (Phase 3)’ supporting the technology development of automobile tuning parts until the 18th.

Four companies that will carry out tuning parts technology development tasks will be selected and supported with approximately 200 million KRW per year for two years, totaling 400 million KRW each.

The support target is companies that have signed purchase agreements or purchase consent according to the technology development with tuning parts demand sources.

Companies wishing to apply can visit the Jeonnam Regional Business Evaluation Group Foundation in person or submit by mail.

Detailed information can be found on the websites of Jeonnam Province and the Jeonnam Regional Business Evaluation Group Foundation.

Since 2017, Jeonnam Province has supported a total of 42 companies in technology development, equipment establishment, and commercialization to increase sales and create jobs for small and medium-sized tuning parts companies.

As a result of the support, participating companies achieved sales increase of 28.9 billion KRW, creation of 209 jobs, and 6 cases of company attraction.

A Jeonnam Province official said, “We hope for active participation of Jeonnam region companies to foster a high-profit automobile parts industry,” adding, “We will continuously discover related projects to secure technological competitiveness of tuning parts and revitalize the industry to develop the tuning industry.”

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