"Global Vaccine Hub Initiative, Jungjingong Collaborates with Small and Medium Venture Businesses"

10 Major Related Organizations Sign MOU for Early Achievement of Global Vaccine Hub
Policy Funds up to 10 Billion KRW, Support for Export Voucher Project and Entry into GoBiz Korea Provided

At the agreement ceremony held on the afternoon of the 2nd for the early achievement of becoming a global vaccine hub, Kim Hak-do, Chairman of the Korea SMEs and Startups Agency (10th from the left), and other attendees are posing for a commemorative photo.

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 3rd that it has signed an agreement with 10 related organizations to achieve the early establishment of a global vaccine hub and will begin full-scale support.

This agreement is part of the government's key initiative, the 'K-Global Vaccine Hub Policy.' SBC and the 10 related organizations have agreed to cooperate in supporting various government policies targeting vaccine and raw material companies, including finance, industry, export, and research and development (R&D).

Through this, it is expected to activate investment in vaccine and raw material companies, expand job creation, strengthen financial support, assist in attracting foreign investment, support core technology development, and provide overseas expansion and export marketing support.

SBC will provide policy funds of up to 10 billion KRW to support facility investment and mass production of products for domestic vaccine and raw material small and medium enterprises. It will also support companies less than seven years old with technological and business potential by providing business diagnosis and funding. Additionally, SBC will assist companies in listing their products on the B2B platform GoBizKorea and give priority support to companies wishing to participate in branch office projects or export voucher programs.

Kim Hak-do, Chairman of SBC, stated, "This business agreement is significant as various government ministries have united to achieve the early establishment of a global vaccine hub, a key government initiative. SBC will utilize its 32 regional headquarters and overseas bases to proactively identify difficulties faced by vaccine and raw material companies and provide various policy supports such as funding and export assistance to contribute to the early realization of the global vaccine hub."

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