Gimhae City, Ministry of SMEs Selects 4 Additional 'Baeknyeon Gage' and 4 'Baeknyeon Sogongin' Businesses

Gaya Seasoned Jokbal in Oedong, Gimhae-si, Gyeongnam, selected as a 'Baeknyeon Gage' by the Ministry of SMEs and Startups. [Image source=Gimhae-si]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] On the 31st, Gimhae City in Gyeongnam announced that eight local companies were additionally selected for the Ministry of SMEs and Startups' 'Baeknyeon Gage·Baeknyeon Sogongin' (Century-old Store·Century-old Artisan) program.

There are four Baeknyeon Gage and four Baeknyeon Sogongin selected this time, increasing the number of Baeknyeon Gage in the Gimhae area to 16 and Baeknyeon Sogongin to 21.

The newly selected stores are four locations: Market Hoejip in Hallim-myeon, Gaya Yangnyeom Jokbal in Oedong, Market Hoejip in Jangyu-dong, and Daedong Bathhouse in Daedong-myeon. The Sogongin include three ceramic-related places: Hojebang, Baeksan Ceramic Research Institute, and Yeinyo, as well as Daeil Industry in Jinrye-myeon, which manufactures foam pads for automobiles and electronic products.

Selected companies receive certificates and certification plaques for Baeknyeon Gage·Baeknyeon Sogongin, and if they use funds for facility improvements, replacement of production equipment, or introduction of automation facilities, they are supported with a loan interest rate reduction benefit (0.4%P).

In addition, they are granted extra points when selected for various Ministry of SMEs and Startups support projects such as market development projects supporting participation in domestic and international exhibitions and entry into online and offline malls, and product and technology value enhancement projects supporting labor costs and utilization of external experts necessary for technology development.

Mayor Heo Seong-gon said, "We will spare no policy support tailored to the changing business environment so that the selected companies can continue to grow."

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