Gyeonggi-do Supports Smart Factory Establishment for 65 Companies

Support of 50 to 80 million KRW per company
Providing expert consulting on opinion coordination, business models, and more

Gyeonggi Province will support the establishment of smart factories in 65 companies within the province.

On the 18th, Gyeonggi Province announced that it has selected 65 companies as targets for this year’s ‘Gyeonggi Province-type Intelligent (Smart) Factory Establishment and Consulting Support Project’ and will support factory establishment starting in the second half of the year.

For the companies selected as project targets, Gyeonggi Technopark will provide professional consulting, facilitate coordination between adopting companies and smart factory suppliers, support resolution of on-site difficulties, manage project schedules and processes, analyze establishment performance, inspect deliveries, and provide customized support for successful business models.

Gyeonggi Province has been promoting this project since 2019. In particular, over the past four years, support was mainly limited to equipment and solution-oriented assistance, but this year the project has been expanded into four types covering from basic to advanced stages. Accordingly, selected companies can choose one of four types of support based on the current status and level of their manufacturing processes on site: ▲equipment introduction ▲solution establishment ▲special purposes such as safety, energy & carbon neutrality, security ▲data utilization.

The support amount limit, which was 30 million KRW until last year, has also been expanded to 50 million to 80 million KRW depending on the type. The company’s share of costs has been set at ‘at least 30% of the total project cost,’ which is lower than government support projects, thereby easing the digital transformation cost burden for small and medium-sized enterprises, explained Gyeonggi Province.

This project is a pledge of the 8th Gyeonggi Province administration. This year, a total of 366 companies applied, recording a competition rate of 5.6 to 1. Most of the applicant companies are small and medium-sized manufacturing companies, reflecting the demand from small-scale micro-enterprises that have been overlooked by government support projects focused on advancement. Accordingly, the province expanded the number of target companies from the original 55 to 65 to reflect the demand of manufacturing companies.

Choi Hyemin, Director of the Digital Innovation Division of Gyeonggi Province, said, “Although the proportion of manufacturing companies in Gyeonggi Province has steadily increased, manufacturing competitiveness remains weak due to on-site labor shortages and low productivity. Through this project, we will strive to enhance the productivity, efficiency, and quality of manufacturing processes in small and medium-sized enterprises while reducing costs to strengthen their manufacturing competitiveness.”

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