Mokpo Mayor Kim Jongsik Visits to Encourage Local Small and Strong Enterprises' Overseas Expansion

Support for Overseas Marketing, Jeonnam Province Regional Autonomy Support Program, and Financial Institution Loans

Kim Jong-sik, Mayor of Mokpo, who is committed to providing unwavering support for the global expansion of local small and strong enterprises. Photo by Mokpo City

[Asia Economy Honam Reporting Headquarters Reporter Jeong Seung-hyun] Mokpo City, Jeollanam-do announced on the 17th that Mayor Kim Jong-sik of Mokpo City paid an encouragement visit to Garimi Co., Ltd. (CEO Lim Bok-nam), a roasted seaweed manufacturer located in Daeyang Industrial Complex, which was selected as a global small giant company in 2021.

The Global Small Giant Company project is an initiative by the Ministry of SMEs and Startups to discover small and medium-sized enterprises with innovation and growth potential and foster them as export-leading companies.

The Ministry of SMEs and Startups conducted a three-stage evaluation including eligibility requirements, overseas market entry capabilities, and growth strategy assessment, ultimately selecting 200 companies. Among them, seven companies including Garimi Co., Ltd. from Jeollanam-do were chosen.

Mayor Kim Jong-sik stated, “I congratulate you on the good news of being selected as a global small giant company during this difficult time of prolonged COVID-19,” and added, “I hope you expand export volumes, grow into a leading mid-sized company, and contribute to regional economic development by creating quality jobs.”

Global Small Giant Companies receive benefits such as support for overseas marketing including brand development and international exhibitions, preferential treatment for R&D projects like new product development, workforce training, prototype production support, and guarantees and financial support from frontline financial institutions.

Garimi Co., Ltd. has achieved annual sales exceeding 10 billion KRW and is a representative export company of Mokpo, exporting 90% of its products mainly to Europe and Southeast Asia. This selection as a small giant company is expected to serve as a turning point for expanding sales channels.

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