Support for Overseas Certification Costs for Exporting SMEs

Recruitment of First Round Participants for Overseas Certification Acquisition Support Project

The Ministry of SMEs and Startups announced on the 28th that it is recruiting the first round of participating companies for the '2024 Overseas Standard Certification Acquisition Support Project,' which provides financial support for obtaining overseas standard certifications.

The Overseas Standard Certification Acquisition Support Project is a program that supports small and medium-sized enterprises (SMEs) by covering part of the costs required to obtain certifications demanded by export destination countries, such as certification fees, testing fees, and consulting fees, providing up to 100 million KRW per company.

This project is mainly operated through two tracks: Fast Track and General Track. The Fast Track was newly established last year to support companies in obtaining certifications quickly through simplified audits and continuous application acceptance, but due to high demand, its budget was exhausted early. Therefore, the Ministry of SMEs and Startups plans to expand the Fast Track operation starting this year. This year, applications for seven certifications can be submitted via the Fast Track, while applications for the other 536 certifications can be submitted through the General Track. Detailed information is available on the Ministry of SMEs and Startups website and the Overseas Standard Certification Acquisition Support Center website.

Choi Won-young, Director of Global Growth Policy at the Ministry of SMEs and Startups, stated, “With the expansion of trade barriers, overseas certification has become an essential requirement for stable exports,” and added, “We will support the expansion of export channels for SMEs through the Overseas Standard Certification Acquisition Support Project.”

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