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According to Yonhap News,
The city of Busan announced a 2021 biz-support project aimed to foster the future growth drivers of the city. Taking the role of supporter, the authorities find and give a full package of aids for a year to relatively small but highly successful companies powering technological innovations so as to help them drive research work.
The city will select 10 candidates to join the program this year, breaking down by each business category ; EV-hydrogen vehicles, self-driving cars, the industries engaged in the city –nationwide development projects. Those placed their names on the shortlist are allowed to be given as much as KRW 60 - 300 million. Anyone interested in the program are required to be small – medium sized company, who can show valid proof of business headquarters to validate city residency.
Contestants can submit the application forms to Busan Technopark till Jan 29.
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Source: Yonhap News (Jan 11, 2021)
** This article was translated from Korean.