Gyeonggi-do to Provide Up to 200 Million KRW per Company for Food Support Project Next Year

Gyeonggi Provincial Government

Gyeonggi Province will provide up to 200 million KRW per company for food support projects next year.

Gyeonggi Province plans to promote food industry-related support projects next year, including ▲facility improvement support for Food-Tech companies ▲support for the price difference in purchasing Gyeonggi rice by Food-Tech companies ▲projects to revitalize traditional liquor consumption. The support amount varies by project, with a maximum support amount of 200 million KRW.

The support targets companies that manufacture and process food using agricultural products from the province, food processing companies using Gyeonggi rice, and traditional liquor manufacturers.

Next year, Gyeonggi Province will also support system development companies or companies producing processed foods by integrating technology to activate the Food-Tech industry, a new growth path for the agricultural and food industry.

In addition, the policy direction will be changed to maximize the project effect and reduce the burden on project participants by increasing the maximum project budget and lowering the self-payment ratio.

Applicants wishing to apply must do so to the relevant city or county by October 20. Gyeonggi Province will select project participants by reviewing the suitability and priority of the applying companies.

Park Jong-il, Director of the Agricultural and Food Distribution Division of Gyeonggi Province, said, "Through food industry-related support projects, we will strive to secure stable consumption channels for agricultural products and contribute to stabilizing farmers' income," adding, "Gyeonggi Province will do its best to take the lead as a top priority in fostering the Food-Tech industry, which can be a new growth engine in the future agricultural sector."

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