Jangseong-gun, Small Business Support Policies... 'Vitality' to Local Economy

[Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu] Various small and medium-sized enterprise (SME) support policies implemented by Jangseong-gun, Jeollanam-do, are revitalizing the local economy.

According to the county on the 19th, the scale of companies supported by the "Jeonnam Province SME Management Stabilization Fund," funded by the county, recorded 29 billion KRW for 100 companies last year, followed by 13.9 billion KRW for 54 companies in the first half of this year.

Among support projects targeting local SMEs, the smart factory dissemination project stands out.

A smart factory is an intelligent production factory applying information and communication technology (ICT). The county supports facilities and systems for building smart factories with a project budget of 312 million KRW.

This year, a total of 13 companies in the region were selected.

Last month, together with Jeonnam Technopark, the county invested 80 million KRW to designate this year's county star companies. This project selects local companies with excellent technology and growth potential, and star companies receive support for prototype production, quality certification, marketing, and more.

After screening the applicants, the county selected ELT Co., Ltd. and Hyeonnong Co., Ltd. as star companies, and E&EPS Co., Ltd., which received the third-highest score, as a preliminary star company.

In addition, the county provides 660 million KRW in project funds for SME support projects such as customized support for companies in agricultural and industrial complexes, leading company development in the root industry, energy convergence complex support, and national innovation convergence complex support.

Through this, support is provided by sector for ▲companies residing in agricultural and industrial complexes ▲companies related to the energy industry ▲research and development, technology commercialization, marketing, and market development for companies related to root industries such as casting and mold manufacturing.

Such consistent support for companies by the county has led to synergy effects. Since October last year, the county has succeeded in attracting SME investments worth 209.3 billion KRW from four companies, resulting in the creation of 1,078 jobs.

County Governor Yoo Doo-seok said, "The local economy will revive only when SMEs thrive," and added, "We will continue to provide multifaceted support so that local companies can healthily build their competitiveness."

Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu chg6001@asiae.co.kr

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