Gyeonggi-do Provides 30 Million Won Support to Excellent Companies in Delivery Payment Linkage System

Gyeonggi Provincial Government Gwanggyo New Office Building

Gyeonggi Province is recruiting 10 outstanding companies for the 'Gyeonggi Province-type Delivery Payment Linkage System.'

The province announced on the 6th that it will select 10 outstanding companies for the Gyeonggi Province-type Delivery Payment Linkage System by the 28th and provide benefits such as market support funds.

The Delivery Payment Linkage System is a system that automatically reflects changes in delivery payments when the price of major raw materials fluctuates beyond a certain level during subcontracting or consignment contracts.

The Gyeonggi Province-type Delivery Payment Linkage System lowered the threshold for applicability from 'raw material prices accounting for 10% or more of the delivery payment' to '5% or more.' Additionally, the regulation excluding transactions with delivery payments under 100 million KRW and contract periods within 90 days was adjusted to apply to all transactions over 50 million KRW, and the contract period restriction was completely removed.

The province plans to select the final 10 outstanding companies by considering quantitative evaluation factors such as the number of entrusted companies that signed special linkage agreements, linkage conditions, and payment amounts, as well as qualitative evaluation indicators such as companies' willingness for win-win cooperation and plans for future expansion.

Selected outstanding companies will receive benefits including up to 30 million KRW in market support funds, a commendation from the governor, promotional support, interest rate benefits, and deferral of local tax audits.

Heo Seong-cheol, head of the Fair Economy Division of the province, explained, "Small and medium-sized enterprises are struggling to endure due to management difficulties caused by rising raw material prices. We have launched the Gyeonggi Province-type Delivery Payment Linkage System Outstanding Company Support Project to alleviate the difficulties of SMEs and foster a culture of win-win cooperation among companies."

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