Recruitment of Companies Participating in Export Voucher and Logistics-Only Voucher Projects

Government Subsidies Support Up to 100 Million KRW for Export Vouchers and Up to 14 Million KRW for Logistics-Only Vouchers

Kim Hak-do, the chairman, is speaking at the Export Voucher Matching Fair held last October in Gangnam, Seoul.

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Kwon Chil-seung, hereinafter referred to as the Ministry) and the Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 28th that they will recruit participating companies for the first round of the 2022 Export Voucher Project and the Logistics-Only Voucher Project (support for long-term transportation contracts) until the 12th of next month.

The Ministry and SBC plan to continue the favorable export trend of small and medium enterprises (SMEs) next year by providing customized services for each company through the Export Voucher Project, strengthening export capabilities, and contributing to resolving logistics difficulties of SMEs through support for the Logistics-Only Voucher. The total support scale for the 2022 Export Voucher Project is 95.7 billion KRW, and in this first round of recruitment, a budget of 76.5 billion KRW, which accounts for 80% of the total budget, has been allocated. Approximately 2,500 companies nationwide will be selected through evaluation and will begin full-scale support starting in March.

Selected companies will receive government subsidies ranging from 30 million KRW to a maximum of 100 million KRW depending on their export scale in the previous year, and can freely choose and use desired services from a total of 13 service menus including design development, overseas certification, and patents.

The Logistics-Only Voucher Project was first implemented this year as a supplementary budget project to resolve logistics difficulties faced by SMEs such as shortage of shipping space and continued high freight rates. Next year, the budget will be increased to 11.8 billion KRW from 10.9 billion KRW last year to continue support for resolving logistics difficulties of SMEs. The Logistics-Only Voucher is divided into two types: ▲long-term transportation contract support and ▲general logistics support, and participating companies will be recruited through separate announcements. In 2022, recruitment will begin with the long-term transportation contract support category, providing up to 20 million KRW per company, of which 70% will be subsidized by the government.

Applications can be submitted online through the Export Voucher and Logistics-Only Voucher websites until the 12th of next month, and inquiries about other details can be made to the Export Voucher Information Center. Kim Hak-do, Chairman of SBC, said, "In 2022, we will actively support the Export Voucher Project and the Logistics-Only Voucher Project to strengthen the export capabilities of SMEs," adding, "We will continue to strengthen demand-oriented project operations so that SMEs can achieve tangible export results."

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