SBC Supports Re-Startup of Promising Small Business Sectors

Officials from the Small Enterprise and Market Service and Theborn Foodservice Industry Development Institute are taking a commemorative photo with the selected candidates for the Hope Return Package re-startup commercialization support at the headquarters of Theborn Foodservice Industry Development Institute located in Yesan, Chungnam.

The Small Enterprise and Market Service announced on the 10th that it selected 13 promising business re-startup entrepreneurs and held an award ceremony at The Born Food Service Industry Development Institute, the main organization for commercialization.

The re-startup commercialization is a Hope Return Package support project that helps small business owners who have experienced closure due to management difficulties such as COVID-19 to recover. It is a government subsidy project that induces re-startup in promising and specialized fields that align with consumer trends, are sustainable, and highly competitive.

This year, about 300 re-startups will be supported through professional organizations in the food and cafe industry, as well as unmanned and micro store sectors.

At the award ceremony, officials from the Small Enterprise and Market Service and The Born Food Service Industry Development Institute, along with the commercialization small business owners, attended and awarded certificates to the participating small business owners to reaffirm their determination for re-startup.

Before the ceremony, The Born Food Service Industry Development Institute prepared specialized online and offline commercialization training and a special lecture sharing successful case strategies, providing content helpful to the participating small business owners.

The selected small business owners will receive a package of support including mentoring (up to 6 sessions) necessary for commercialization such as menu development, upgrading startup items, and store opening, as well as commercialization funds (up to 20 million KRW in national funds).

Additionally, commercialization support small business owners will be given opportunities to expand their commercialization strategies by receiving customized programs highlighting the strengths and features of each main organization.

Park Seong-hyo, director of the Small Enterprise and Market Service, said, “I believe that the Hope Return Package re-startup commercialization support will serve as a stepping stone for those who have gone through difficult times due to management hardships to achieve successful re-startup in promising industries and grow into companies representing our country.” He added, “The Service will continue to actively provide on-site support with recovery support policies that meet the needs of demanders.”

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