"Join the SME Association Joint Project... Up to 100 Million KRW Support for Project Costs"

Korea Federation of SMEs 'Innovative Joint Business Support Project'
Recruiting Participating Cooperatives... Applications Open Until April 14
Business Support for Digital Transformation, Environment, Logistics Innovation, etc.

Kim Ki-moon, Chairman of the Korea Federation of SMEs / Photo by Hyunmin Kim kimhyun81@

The Korea Federation of Small and Medium Business (Kbiz) announced on the 26th that it is recruiting small and medium-sized enterprise (SME) cooperatives to participate in the 'Innovative Joint Business Support Project.'

This project supports direct business expenses for joint projects aimed at establishing collaboration models among cooperatives by industry. It is the first time this project is being implemented this year in accordance with the Ministry of SMEs and Startups' '3rd SME Cooperative Revitalization Plan (2022?2024).'

Support is provided to SME cooperatives established under the SME Cooperative Act, covering 80% of the project cost per cooperative, up to a maximum of 100 million KRW. Support types include testing and certification, digital transformation, response to environmental regulations, joint marketing, logistics innovation, and specialized workforce training. However, cooperatives where more than 50% of members are small business owners are excluded.

Cooperatives wishing to participate in the project can submit application documents by the 14th of next month, referring to the project announcement on the Kbiz website. Eligible applicants will be selected through qualification requirements and project plan evaluation.

If assistance is needed with writing the project plan or other inquiries, contact the Kbiz Joint Business SOS Support Team.

Jin-Hyung Cho, Head of the Cooperative Division at Kbiz, stated, "We will strive to discover various collaboration models so that cooperatives can leap forward as growth platforms for SMEs."

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