Suwon City Supports Exporting SMEs with Annual Transportation Cost of 2.5 Million KRW

Suwon City is implementing an export simplification support project for small and medium-sized enterprises. It provides annual transportation cost support of 2.5 million KRW.

The city of Suwon in Gyeonggi Province will provide transportation cost support of up to 2.5 million KRW annually to small and medium-sized export companies.

On the 31st, Suwon City announced that it will recruit 30 local startup and small manufacturing companies to participate in this year's simplified export support project for small and medium enterprises starting from February 1st.

The simplified export support project for small and medium enterprises streamlines the five-step export transportation process, where exporters usually send products via inland transportation, then by sea or air to the importing country, go through customs clearance, and finally inland transportation within the importing country, by allowing exporters to directly ship to buyers.

The Gyeongin Regional Post Office supports tasks such as export customs clearance.

Eligible applicants are local startup and small manufacturing companies with export contracts. Selected companies will receive support for transportation costs of 2 tons per shipment, 3 to 5 shipments annually, up to 2.5 million KRW per company for this year. If the funds are exhausted early, companies must cover transportation costs themselves.

Companies wishing to participate can apply through the Suwon City website.

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