Jungjingong Gwangju Headquarters Fosters Regional Pre-Unicorns for 'Venture 4 Major Powers'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The Gwangju Regional Headquarters of the Small and Medium Business Corporation (Head: Park Hong-joo) announced on the 25th that it will promote the discovery and value-up support of ‘regional preliminary unicorns’ in line with the new-new normal era after COVID-19, in connection with the Ministry of SMEs and Startups’ K-Unicorn Project.

The Small and Medium Business Corporation’s ‘regional preliminary unicorn’ nurturing project is a program that supports accelerating value-up by providing focused linked support such as policy funds, export, manpower, and investment so that growth-promising companies engaged in new industry fields can value-up into regional representative ‘K-Unicorns.’

The ‘regional preliminary unicorns’ will be nurtured in a ‘relay-style’ manner through collaboration with local related organizations and venture capital firms throughout the entire process from ‘discovery’ to ‘linked support.’

The Gwangju Regional Headquarters of the Small and Medium Business Corporation discovered a total of five companies as ‘preliminary unicorn companies’: BAEnergy Co., Ltd., which manufactures ESS safety management systems; GreenBio Co., Ltd., which manufactures biodegradable plastic raw materials and products; Samsung EVC Co., Ltd., which manufactures electric vehicle chargers; ES Global Co., Ltd., which manufactures vacuum insulation panels; and SMG Co., Ltd., which manufactures gears for special vehicles. They recommended and linked 5.4 billion KRW in policy fund support and export and manpower support suitable for each company’s characteristics.

Comprehensive linked support for the formation of growth potential and value-up of preliminary unicorn companies will also be promoted, such as IR Mart recommendations for attracting private investment and holding investment attraction forums.

Park Hong-joo, head of the Gwangju Regional Headquarters, said, “In preparation for the post-COVID-19 era, we will do our best to enable growth-promising companies to innovate and grow as regional representative K-Unicorns leading new industry fields.” He added, “We plan to actively support on the front lines so that the Republic of Korea can rise as one of the ‘four major venture powers’ by using the participation of many companies hoping to value-up into K-Unicorns as momentum.”

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