Government Provides 1 Million Won Voucher to Youth Startups... Online Applications Open Until the 27th

Ministry of SMEs and Startups Announces 'Startup Company Service Voucher' Program
For Companies Established Within 3 Years and Under 39 Years Old...Targeting Over 11,000 Locations

[Asia Economy Reporter Kim Bo-kyung] The Ministry of SMEs and Startups announced on the 14th the 'Startup Company Service Voucher' project.

This project supports early-stage youth startup companies lacking professional personnel by providing up to 1 million KRW annually in voucher form to cover costs related to tax/accounting and technology escrow services.

The eligible recipients are early-stage youth startup companies established within the last 3 years, with representatives aged 39 or younger. The support scale is approximately 11,000 companies.

Selected youth startup companies can use the vouchers for tax/accounting bookkeeping fees, settlement/adjustment fees, and the purchase or usage fees of tax accounting software.

Additionally, the vouchers can be used for technology data escrow fees and renewal fees through specialized institutions such as the Korea Technology Finance Corporation and the Foundation for Cooperation between Large, Small, and Medium Enterprises in Agriculture, Forestry, and Fisheries.

The entire process from application to payment is conducted online. Selected companies receive a 1 million KRW voucher, and startups can freely use services from their preferred institutions and then register the electronic tax invoice issued by the service provider on the Startup Support Portal.

The Startup Support Portal is linked with the National Tax Service's Hometax system, so there is no need to separately prepare supporting documents such as electronic tax invoices; costs are paid upon online application.

Youth startup companies wishing to participate can apply through the Startup Support Portal from the 20th to the 27th.

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