Ministry of SMEs Supports Customized Smart Factory Adoption... Up to 200 Million KRW per Company

Applications Open from the 14th
150 Companies to Be Selected Across 10 Sectors

The Ministry of SMEs and Startups will support the introduction of customized smart factories for small and medium-sized enterprises (SMEs) in manufacturing sites. Nine ministries, including the Ministry of SMEs and Startups, will collaborate to provide up to 200 million KRW per company to 150 SMEs across 10 sectors.

On the 13th, the Ministry of SMEs and Startups announced that it will begin recruiting SMEs to participate in the "2025 Inter-Ministerial Smart Factory Construction Support Project" starting from the 14th. The ministry supports SMEs in a package format by linking ministry-specific projects such as smart factory advancement, Good Manufacturing Practice (GMP) certification, export promotion, and talent development.

This year, as the need for systematic support at the inter-ministerial level has increased, the Ministry of SMEs and Startups and eight other ministries (including the Ministry of Employment and Labor, Ministry of Science and ICT, Ministry of Agriculture, Food and Rural Affairs, etc.) will select 150 companies across 10 sectors and provide up to 200 million KRW per company (covering 50% of the total project cost). In particular, the K-Beauty sector will focus on nurturing leading smart factory models for cosmetics that meet field demands through the K-Beauty Alliance, a group of experts. This is expected to further grow K-Beauty by expanding the customized cosmetics market.

Kim Woo-jung, Director of Regional Enterprise Policy, stated, "In an era of intensified global competition, securing competitiveness for domestic companies requires inter-ministerial cooperation in various aspects to effectively solve the challenges companies face beyond simple financial support." He added, "We will continue to actively support the sustainable growth of SMEs by enhancing smart factories to improve productivity, secure price competitiveness, and strengthen technological capabilities."

The project announcement can be found on the official website of the Ministry of SMEs and Startups, and companies wishing to participate can apply online through the Smart Factory Project Management System starting from the 14th.

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