50 Leading Businesses Selected for Supply Chain Stabilization in the Second Half of the Year
New Companies Added in Economic Security Items and Services
The Ministry of Economy and Finance announced on November 27 that it has newly selected a total of 50 companies as leading supply chain stabilization enterprises for the second half of this year. The selection was finalized after applications were received and reviewed by the relevant ministries since September.
Since the second half of last year, the government has been selecting key private sector enterprises to lead supply chain stabilization in response to global supply chain uncertainties and to strengthen the competitiveness of domestic industries, providing support in areas such as finance and funding.
View of the Ministry of Economy and Finance building. The Asia Business Daily DB
View original imageWith this latest selection, the total number of designated leading supply chain enterprises has increased to 187. This includes 50 large companies, 54 medium-sized companies, 81 small companies, one public institution, and one cooperative.
In the second half of the year, companies related to new economic security items and services have been added. The government explained that the expansion of small and medium-sized enterprises has strengthened the foundation for supporting the supply chain ecosystem.
The companies selected this time will receive priority support from the relevant fund, including expanded loan limits and preferential interest rates. The government aims to provide supply chain stabilization fund support totaling approximately 7 trillion won by the end of the year.
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Son Woonggi, Director-General for Economic Supply Chain Planning at the Ministry of Economy and Finance, stated, "We will establish a close communication and cooperation system with the private sector to strengthen the stability and response capacity of domestic supply chains," adding, "The government will further enhance its support."
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