Jungjingong, Recruiting Companies to Participate in Trade Change Response Support Project

Support for Technology and Management Innovation Consulting and Policy Fund Loans
Aiming to Help Companies Recover from Trade-Related Damages

The Small and Medium Business Corporation announced on the 2nd that it is recruiting companies to participate in the '2025 Trade Change Response Support Project.' This project supports small and medium-sized enterprises (SMEs) that have suffered damage or are at risk of damage due to the implementation of trade agreements such as Free Trade Agreements (FTAs) by providing technology and management innovation consulting and policy funds to help affected companies recover their competitiveness.

The support targets designated companies for trade change response support, which are SMEs with more than two years of business experience in manufacturing or service industries, whose sales or production volume has decreased by 5% or more compared to the same period last year or are at risk of such a decrease due to the implementation of trade agreements.

Jungjingong

When an SME applies for designation as a trade change response support company, the Small and Medium Business Corporation dispatches a customs broker to diagnose the trade impact, and after a trade impact review, the Ministry of Trade, Industry and Energy makes the final decision on the designation of the trade change response support company.

Designated companies can apply to the Small and Medium Business Corporation for technology and management consulting and trade change response support funds within three years to overcome trade impacts and strengthen competitiveness.

Technology and management innovation consulting applies different self-payment rates according to company size and supports up to 20 million KRW, covering up to 100% of consulting costs. Designated companies can establish technology and management innovation directions through a preliminary diagnosis by the Small and Medium Business Corporation and receive services by being matched with excellent consulting firms without a separate selection process.

Trade change response support funds can be applied for according to the SME policy fund loan announcement, and loan approval is determined through pre-consultation and company evaluation procedures. Loan conditions include a fixed interest rate of 2.0% per annum, with loan periods of up to 6 years for working capital and up to 10 years for facility funds.

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