According to Yonhap News,

The government will provide export vouchers worth a combined 25 billion won (US$17.3 million) to small and midsized enterprises (SMEs) this year as part of efforts to expand South Korea's exports, the industry ministry said Thursday.

The export vouchers will be provided to 300 companies to help them expand their presence in the global market and bolster their competitiveness in exports, according to the Ministry of Trade, Industry and Energy.

The vouchers will include business consulting services and support for participation in various exhibitions, as well as support for international shipping.

The ministry said Korean companies that took part in the program last year posted a record $14.7 billion in exports to their target markets.

"We will help medium-sized firms transform into export companies even amid unstable trade circumstances and provide more support to new promising businesses," Park Duk-ryul, director general of midsized corporate policy at the ministry, said.

nyway@yna.co.kr

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Source: Yonhap News (March 6, 2024)