Jungjingong, Recruiting Participants for the 1st Scale-up Finance Program of 2025
Support for Corporate Bond Issuance Worth 180 Billion KRW
Recruitment for '2025 1st Scale-up Finance' Project for Innovative SMEs
Focus on Super-Gap, New Industry, and Jump-Up Program Companies
The Small and Medium Business Corporation announced on the 9th that it is recruiting companies to participate in the '2025 1st Scale-up Finance' project.
The Scale-up Finance project supports small and medium-sized enterprises (SMEs) with growth potential but difficulty issuing corporate bonds on their own credit to directly raise funds in the financial market. In particular, by combining private capital and government funds, it supplies large-scale funds compared to general policy funds to induce the scale-up of SMEs such as mid-sized companies, global, and super-gap companies.
Since 2019 until 2024, the Ministry of SMEs and Startups and the Small and Medium Business Corporation have selected 570 SMEs with innovative growth potential through Scale-up Finance, supporting the issuance of corporate bonds worth about 2.7 billion KRW per company. Among them, 25 companies that received support between 2019 and 2021 and reached maturity have achieved sales of 100 billion KRW, and 11 companies succeeded in going public (IPO), showing significant results.
The Small and Medium Business Corporation plans to support the issuance of corporate bonds worth 180 billion KRW through this Scale-up Finance announcement, allowing companies to raise funds up to 12 billion KRW for a maximum of 5 years per company. Especially, it will focus on supporting excellent SMEs in innovative growth fields, super-gap and new industry fields, and companies selected for the Jump-Up program, concentrating on expanding new growth engines for SMEs.
Eligible applicants are medium-sized enterprises under the Framework Act on Small and Medium Enterprises with a corporate bond credit rating of B+ or higher from credit rating agencies. The support scale and issuance interest rates per company will be applied differentially according to the credit rating.
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Applications for Scale-up Finance can be submitted online through the Small and Medium Business Corporation website until the 26th. Director Kang Seok-jin of the Small and Medium Business Corporation said, “Scale-up Finance is a project that supports SMEs in raising large-scale funds necessary for corporate growth by issuing corporate bonds directly in the financial market,” adding, “This year as well, we will actively support SMEs with technological achievements and future growth value, focusing on super-gap and new industry fields, so that they can leap to mid-sized companies.”
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