Gyeonggi-do Invests 13.5 Billion Won to Support Exports of 12,800 Companies

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province will support online and offline export support projects, including non-face-to-face businesses for export SMEs within the province this year.

According to the province on the 1st, it plans to invest about 13.5 billion KRW this year to support 19 projects at different stages targeting about 12,800 export companies in the province, including ▲export infrastructure establishment ▲overseas market development support ▲comprehensive support for promising export companies.

To help domestic companies grow into export companies, 8,533 companies will be supported through Gyeonggi Safe Export Insurance Premium Support (2,250 companies), Corporate Difficulty SOS Support, FTA Utilization Support Projects (4,970 companies), and Export Beginner Company Mentor Support (100 companies).

At the 'Overseas Market Development' stage through online and offline sales networks, 11 projects such as Gyeonggi Business Center (GBC) marketing agency projects, online video consultation meetings, and support for individual and group booths at overseas exhibitions will be promoted to support 4,214 companies.

Targeting China, the United States, India, the Middle East, Japan, and Europe, 30 online export video consultation meetings such as overseas G-FAIR and trade promotion teams will be held to support 3,370 companies.

In particular, this year, a new project called the 'K-Medical & Bio Export Consultation Meeting' will be promoted to help healthcare-related SMEs expand overseas.

At the 'Comprehensive Support for Promising Export Companies' stage, the 'Global Hit Product Creation Support Project' will be promoted to foster representative strong export SMEs in Gyeonggi Province, providing one-on-one customized consulting from export preparation to overseas expansion to 52 promising companies.

Last year, the total exports in the province reached 115.4 billion USD, surpassing 100 billion USD for four consecutive years, and the export performance of SMEs increased by 0.4% from the previous year to 31.9 billion USD.