Shortcut to Body Shortcut to main menu

Investment News

  • Home
  • About Us
  • Newsroom
  • Investment News
The SME ministry to cover freight charge for 1,300 small businesses

According to Yonhap News,

The Ministry of SMEs and Startups are now looking for potential candidates to join the ministry’s 2020 program to boost export online by slashing logistics costs, with a co-sponsor Korea SMEs and Startup Agency. The registration for the service is due on Jul. 3.

As part of international market expansion strategies, the project aims to cut shipping costs for each member and pooling cargoes to be delivered in one place for better efficiency. Once selected, roughly 1,300 selectees are entitled to be given cash grants as much as KRW 15 million each, used for warehouse lease and freight charge.

The SMEs ministry has already financed nearly KRW 2 billion last month for 1,350 small businesses, hit hard by the economic impact from the coronavirus shock on shipping such as delayed deliveries and increased freight charge.

Source Text

Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.

Source: Yonhap News (Jun. 15 , 2020)

** This article was translated from Korean.
Meta information