Gyeonggi Province Steps Up to Support Export Companies with 224.6 Billion Won Fund

by Lee YeongKyu

Published 06 May.2026 07:20(KST)

Gyeonggi Province has established a fund worth 224.6 billion won to support export companies.

On May 6, Gyeonggi Province announced that, together with the Gyeonggi Business & Science Accelerator, it contributed 10 billion won to create the 'Future Growth Fund No. 8.' Combined with 214.6 billion won in private investment, the fund has been finalized at a total of 224.6 billion won.

The purpose of the Future Growth Fund No. 8 is to improve the export structure by reducing dependence on specific countries or items and to encourage companies to strengthen their business fundamentals so they can respond to the reorganization of the global market.

Gyeonggi Provincial Government

The Future Growth Fund No. 8 plans to invest more than 25 billion won in export companies in the province, specifically targeting: companies with strong research and development capabilities; companies that are diversifying their export destinations or promoting the localization of raw materials for export products; and companies seeking to shift their business to future growth industries.

Gyeonggi Province originally conceptualized the eighth fund last year to support companies struggling with U.S. tariffs. However, as external conditions have rapidly changed recently-such as increased instability in the Middle East and shifts in global supply chains-the scope of support has been expanded.

Namgoong Woong, Director of Regional Finance at Gyeonggi Province, said, "Recently, export companies in the province have been significantly affected by instability in the Middle East," adding, "We will mobilize all available resources to respond quickly so that companies can immediately feel changes on the ground."