BUSAN < invest Korea

According to Yonhap News,

Busan City is to support "Eco-friendly value-added textile materials development" as part of a capability-building project, customized to demand of textile materials companies located in Busan.

This year's program supports development of recycle textile materials, eco-friendly textile products, and energy-saving processing. A selected company can receive up to KRW 15 million for prototype product production.

Those who want to apply for are required to submit application documents to the website of DYETEC(busan.dyetec.or.kr).

The city plans to select five companies after document screening, and other process.

It surveyed 9 companies supported last year (2 companies in textile R&D; 7 in prototype product production), and found out the support led to KRW 350 million of related product sales, 9 new jobs creation and 10 patent patent applications.

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Source:Yonhap News (June 2, 2021)