Selected Companies for Export Voucher and Global Small Giants 1000+ Project Participation

Promotion of Overseas Market Entry for SMEs
Support for Exporting SMEs

The Ministry of SMEs and Startups announced on the 29th that it has selected participating companies for the ‘2024 Export Voucher (1st round) and Global Strong SMEs 1000+ Project’ to promote the overseas market entry of small and medium-sized enterprises (SMEs) and support exporting SMEs.

The Export Voucher is a support program that allows companies to select and use desired services and executing agencies from a menu of 14 overseas marketing services such as design development, promotion, buyer discovery, overseas certification, and international transportation during the contract period through vouchers composed of government subsidies and company contributions. Depending on the export scale, it is divided into domestic, beginner, promising, growth, and strong stages, providing support ranging from 30 million KRW to a maximum of 100 million KRW according to the export scale.

This time, 6,966 domestic and export companies applied for participation in the Export Voucher program, showing a competition rate of 3.7 to 1. After a thorough evaluation of product competitiveness, production capacity, technological differentiation, export strategy goal setting, corporate financial soundness, and efforts to pioneer new markets, 1,899 companies were finally selected.

This year, to strengthen support for companies diversifying their export countries, the weight of the export country diversification indicator was increased during evaluation. Additionally, for ‘export diversification successful companies’ that succeeded in exporting to new countries among the 2023 Export Voucher participating companies, an incentive of a 20% increase in the voucher support limit is applied.

A total of 2,080 companies applied for the ‘Global Strong SMEs 1000+ Project,’ which designates promising export SMEs entering the global market based on technological capability and innovation, showing a high competition rate of 4.4 to 1. According to the export scale, companies were divided into four stages: global promising, growth, strong, and strong+, with 473 companies finally selected.

The designation period for the Global Strong SMEs 1000+ Project is until December 31, 2025. Preferential support is provided when participating in export support projects, and benefits such as expanded limits in export guarantees, insurance, interest rates, and foreign exchange transactions, as well as preferential fees, are granted.

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