Gyeonggi-do Economic Science Promotion Agency to Provide up to KRW 5 Million in Logistics Cost Support for 27 Export Companies in Gimpo

The Gyeonggi-do Economic Science Promotion Agency will launch a logistics cost support program for export companies in the Gimpo region.

The agency announced on May 8 that it will implement the logistics cost support project and accept applications until the 20th, aiming to ease the export burden on small and medium-sized enterprises in Gimpo and help them secure stable overseas markets. This comes against the backdrop of a prolonged period of high exchange rates and global instability, which have caused sharp increases in both air and sea freight rates, as well as in various export-related incidental costs.

In particular, logistics costs pose a direct management pressure for companies that are new to exporting and for small-scale manufacturers. Therefore, the agency and Gimpo City plan to focus on boosting corporate competitiveness through tailored support that reflects real-world needs at the field level.

Poster for Logistics Cost Support for Export Companies in Gimpo Region by Gyeonggi Institute of Economy and Science Promotion

This year, the agency will select a total of 27 companies and provide support for logistics costs incurred during the export process, covering up to KRW 5 million per company (70% of total expenses).

Kim Gil-ah, Head of the Balanced Development Headquarters at the agency, stated, "The global trend of high exchange rates and the sharp rise in logistics costs have become significant barriers to entry for our export companies. To help Gimpo-based companies enter overseas markets stably despite changes in the external environment, we will not only provide logistics cost support but also continue to expand assistance for market development and export capability enhancement."

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