Gyeonggi-do Supports 'Gyeonggi-do Type Innovative Growth Companies'... 290 Companies This Year

Discovery and Certification of 200 Promising Small and Medium Enterprises

Gyeonggi Provincial Government Northern Office

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province announced on the 9th that it will focus on supporting 290 Gyeonggi-type innovative growth companies through this year's Promising Small and Medium Enterprise (SME) Certification System and Global Strong SME Development Project.

The province plans to support 200 companies under the Promising SME Certification System, 40 companies under the Star Company Development Project, and 50 companies under the Global Strong SME Development Project.

The 'Promising SME Certification System' comprehensively evaluates SMEs with high growth potential based on core patent-holding technology, financial status, export performance, and certifications, providing incentives such as certification marks, policy funds, and additional points in corporate support projects.

This year, the focus will be on selecting companies engaged in innovative activities such as future new industries and new technologies.

Through the 'Star Company Development Project,' the growth potential of technology-innovative SMEs is comprehensively evaluated to provide focused support for product innovation, smart innovation, and domestic and overseas market development.

Support is provided up to a total of 76 million KRW per company, and especially to intensify support in innovative growth industry sectors (global, future growth engines, knowledge-based services), a point system has been established and the budget increased by 26% compared to the previous year (2.7 billion KRW → 3.4 billion KRW).

The 'Global Strong SME Development Project' selects SMEs with export capabilities and aims to nurture them as representative export-leading companies of the province by assisting with prototype development and overseas marketing.

Reflecting the needs of companies, the support areas have been reorganized, and to expand global technological competitiveness, the support amount per company has been increased by 5 million KRW compared to the previous year.

Ryu Gwang-yeol, Director of the Economic Office, said, "We will provide systematic and comprehensive support so that Gyeonggi-type innovative growth companies can grow into strong SMEs and further become companies representing the Republic of Korea."

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