Jungjingong Introduces Dedicated Evaluation Model to Foster New Industry SMEs

Eco-friendly Cars, Artificial Intelligence, Internet of Things... Establishing an Evaluation System for Advanced Industry Sectors

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 13th that it will introduce a dedicated evaluation model to support the innovative growth of small and medium venture enterprises in new industry fields.

Representative new industry fields such as eco-friendly automobiles, artificial intelligence, and the Internet of Things have high economic contribution and employment creation effects, leading to strengthened policy support. SBC is also focusing on policy funds and manpower support to facilitate the transition and entry of small and medium venture enterprises into new industry fields.

SBC has developed a 'dedicated evaluation model for new industries' to more accurately assess the technology and competitiveness of companies operating in new industries. The newly developed evaluation model will be applied to small and medium venture enterprises operating in three industrial fields: eco-friendly automobiles, artificial intelligence (AI), and the Internet of Things (IoT). Starting from the 15th, it will be used to evaluate the competitiveness of companies in new industry fields by considering technology and business feasibility during policy fund reviews.

Kim Hak-do, Chairman of SBC, said, "To provide prompt support, we first introduced evaluation models for advanced industry fields that the government is focusing on fostering, where small and medium venture enterprises actively participate and have high ripple effects." He added, "Through this evaluation system reform, we will secure expertise in evaluating companies in new industry fields and strengthen the proactive discovery and nurturing of small and medium venture enterprises with high growth potential."

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