BUSAN < invest Korea

According to Yonhap News,

Busan Techno Park said it promotes a project for supporting commercialization in the cosmetic industry.

The project consists of two supportive programs, product commercialization and marketing solutions.

A maximum of KRW 8 million per company will be provided to cover the costs of product development, intellectual property rights, quality management, and product certifications, which are necessary for developing new products or prototypes.

Busan Technoark also plans to provide up to KRW 4 million in subsidies for covering both on and offline marketing such as domestic or overseas exhibition, marketing brochures, websites.

Micro, small and medium-sized enterprises located in Busan which are manufacturing or selling cosmetic products are qualified to apply for it.

Enterprises, that are interested in participating in the program, should visit Smart Ocean Bio Center located in Smart Ocean Technology Group of Busan Techno Park.


sjh@yna.co.kr

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Source: Yonhap News (Apr. 05, 2023)