Join the 'Gyeongbuk PRIDE Companies'... Gyeongbuk Province Selects 6 Firms for Major Support

Gyeongbuk Province is recruiting new participants for the ‘2023 Gyeongbuk PRIDE Companies’ for one month until August 9.

The ‘Gyeongbuk PRIDE Company Support Project’ is a program aimed at discovering and supporting excellent companies with growth potential to nurture them into representative local companies.

Gyeongbuk Provincial Government Office.

Eligible applicants are small and medium-sized manufacturing companies with headquarters and factories located in Gyeongbuk and sales of 5 billion KRW or more in 2022, or knowledge-based small and medium-sized enterprises with headquarters in Gyeongbuk and sales of 3 billion KRW or more in 2022.

Selected Gyeongbuk PRIDE Companies can receive support such as strengthening R&D capabilities, assistance for growth into global leading companies, and support for business structure innovation to foster sustainable growth.

In addition, preferential support is available when using Gyeongbuk Province’s policy fund, the ‘Small and Medium Enterprise Operating Fund’.

Gyeongbuk Province plans to comprehensively evaluate companies that meet the application requirements based on corporate capabilities, sustainable growth strategies, financial soundness, technological capabilities, and globalization, and select about six companies as final candidates.

Small and medium-sized enterprises wishing to be selected as Gyeongbuk PRIDE Companies must submit their application documents by August 9.

Choi Young-sook, Director of the Economic and Industrial Bureau of Gyeongbuk Province, said, “Although the selection of Gyeongbuk PRIDE Companies is not well known to the public, we will actively support it so that it can serve as a stepping stone for companies to grow into hidden champions dominating global markets in various fields,” and added, “We look forward to active participation from local companies.”