Jungjinkong Supports Solving Business Concerns... 'Challenge Diagnosis'

Second Recruitment for SMEs with Sales Over 5 Billion KRW
Expert On-site Visits for Customized Problem Solving per Company

The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 26th that it is recruiting companies to participate in the Challenge (Management Innovation) Diagnosis to support small and medium-sized enterprises (SMEs) in overcoming complex crises and to enhance the effectiveness of government policy support.

The Challenge Diagnosis is a problem-solving type diagnosis that identifies company issues, analyzes causes, and resolves difficulties through improvement activities. Experts in the relevant field visit the site for 10 days to conduct the diagnosis. After the diagnosis is completed, companies with outstanding performance will be linked to development technology commercialization funds for support.

Small and Medium Business Corporation

The target applicants are SMEs with sales of 5 billion KRW or more that are vulnerable to the three highs phenomenon: high inflation, high interest rates, and high exchange rates. Approximately 50 companies will be selected through a review committee.

In the first round of recruitment in the first half of this year, 92 companies applied for the Challenge Diagnosis, and 50 companies were selected through screening. The diagnosis was conducted over 10 weeks from April to June to help resolve corporate difficulties.

Chairman Kim Hak-do stated, "SBC will actively support SMEs in overcoming crises and achieving results through problem-solving diagnoses that reflect voices from the field. Based on the diagnosis results, we will link various support policies to strengthen companies' competitiveness and lay the foundation for innovative growth."

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