JEOLLABUK-DO < invest Korea

According to Yonhap News,

On December 14, Jeollabuk-do said that it has selected 12 promising SMEs in 2023 and awarded them with certificates and certification boards.

The province selects and supports SMEs with high growth potential and excellent technology, management, and sales capabilities as promising companies every year.

Companies selected this year include Nashonal C&D, The Slow Food, Motion Dynamics, Samyoung Metal, Made in Sunchang, HY Tech, Woori bnb, Woosung Industrial, Science and Technology, Jeil Glass, Joil Metal Industries, and Telos.

These companies will receive benefits such as up to KRW 500 million fund for management stability, preferential support for interest rate gap subsidization, and discounts on guarantee insurance premiums.

A provincial official said, "We selected promising companies through documents review and on-site and in-depth evaluation," adding, "We will continue to implement various support policies to ensure Jeonbuk is business-friendly place."

jaya@yna.co.kr

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Source: Yonhap News (Dec. 14, 2023)