Gyeonggi Province to Provide Up to 20 Million Won in Support for Eco-Friendly Vehicle Parts Manufacturers, Including EV Companies

Gyeonggi Province will provide up to 20 million won per company to support eco-friendly vehicle parts manufacturers, such as those producing electric vehicles, in entering the global market.

On September 15, Gyeonggi Province announced that it is recruiting companies to participate in the "Overseas Certification Support Program" as part of measures reflecting feedback from an on-site meeting between Governor Kim Dongyeon and automobile export companies held in Pyeongtaek on August 20.

Gyeonggi Province will first support the costs of obtaining the automotive quality management system (IATF 16949) certification, which is a quality certification specialized for the automotive industry. The maximum support per company is 20 million won, and companies can apply for multiple certifications without any restriction on the number of applications. The application process has also been simplified to reduce the administrative burden on companies.

Eligible applicants are small and medium-sized enterprises or mid-sized companies headquartered, with factories, or with research institutes in Gyeonggi Province that are currently exporting or preparing to export eco-friendly vehicle parts. Supported items include core power sources, drive systems, electrical and electronic components, and charging facilities used in eco-friendly vehicles such as electric vehicles, hybrid vehicles, and hydrogen fuel cell vehicles.

Gyeonggi Provincial Government

The subsidy covers up to 80% of the certification acquisition and evaluation costs. Companies are only required to pay a minimum of 20% in cash. Supported certifications include major international certifications such as CE, UL, NRTL, CCC, and IATF 16949.

Applications can be submitted from September 15 to October 16 through the Gyeonggi Technopark website (www.gtp.or.kr).

Gyeonggi Province will comprehensively evaluate the necessity of certification, technical feasibility, business plan viability, and overseas market entry capabilities to determine whether to provide support.

In addition to the existing support for overseas certification costs, the province will also cover reliability evaluation costs required by overseas buyers. This support is available to companies with research institutes. Companies participating in this recruitment are also eligible for retroactive support. Certifications applied for or completed from January 2025 until the announcement date are also eligible. This is an exceptional support measure that takes into account the practical burdens faced by companies.

Park Noguk, Director General of Future Growth Industries at Gyeonggi Province, said, "We have significantly improved the scope and procedures of support by actively reflecting the feedback from companies during the on-site tour of the local economy," adding, "We will support companies in securing global competitiveness so that Gyeonggi Province can leap forward as a powerhouse in future mobility."

Meanwhile, to overcome the crisis of US tariff imposition, Gyeonggi Province will host the "2025 Future Mobility Tech Show" at the headquarters of Stellantis in Michigan, USA, on September 16. Thirteen automotive parts manufacturers from the province will participate in the tech show.

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