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Gyeonggi-do Selects 15 Outstanding Companies for 'Payment Linked Pricing System'... Support for Market Expansion and More

Gyeonggi-do Selects 15 Outstanding Companies for 'Payment Linked Pricing System'... Support for Market Expansion and More Gyeonggi Provincial Government

Gyeonggi-do, the first local government in the country to implement a payment linkage system for delivery fees, selected 15 outstanding companies, including Kinki Tech Korea Co., Ltd. and Najin Co., Ltd., which actively participated in the linkage system, and awarded them the Governor's Commendation.


On the 20th, Gyeonggi-do held the '2023 Gyeonggi-do Type Payment Linkage System Outstanding Company Awards Ceremony' at the Grand Ballroom of Ramada Plaza Suwon Hotel, attended by Yeom Tae-young, Deputy Governor for Economy of Gyeonggi-do, Kim Wankyu, Chairman of the Economic and Labor Committee of the Gyeonggi Provincial Assembly, Lee Jaeyoung, member of the Gyeonggi Provincial Assembly, Lim Munyoung, Executive Director of the Economic Division at Gyeonggi-do Economic Science Promotion Agency, representatives of companies participating in the Gyeonggi-do type payment linkage system, and about 60 other officials.


The Gyeonggi-do type payment linkage system outstanding company support project is the first initiative among local governments nationwide to provide more opportunities and benefits to small and medium-sized enterprises (SMEs) in the province. It evaluates the performance of entrusted companies that have signed a special agreement on payment linkage with subcontracted SMEs and adjusted delivery payments accordingly.


As a result of recruiting participating companies for the Gyeonggi-do type payment linkage system outstanding company support project in April, a total of 50 private companies (16 entrusting companies and 34 subcontracted companies) participated.


Gyeonggi-do held a selection review committee composed of private members to evaluate the number of subcontracted companies, linkage ratio, willingness for win-win cooperation, and selected 15 entrusting companies as outstanding companies.


The entrusting companies selected as outstanding companies under the payment linkage system are ▲Kinki Tech Korea Co., Ltd. ▲Najin Co., Ltd. ▲New Auto Precision Co., Ltd. ▲Dongbo C&B Co., Ltd. ▲Dongyang Special Concrete Co., Ltd. ▲Biryong Electronics Co., Ltd. ▲Sambu Computer ▲Samsung I&B Co., Ltd. ▲Segwang Computer Co., Ltd. ▲Entech System Co., Ltd. ▲MK Chem & Tech Co., Ltd. ▲Iran Tech Co., Ltd. ▲Ire Industry ▲Zicobil Co., Ltd. ▲KCC Changho Glass Co., Ltd.


Gyeonggi-do supports the selected outstanding companies with up to 30 million KRW per company for marketing, prototype production, and management consulting. Additionally, it grants maximum points when applying for SME development funds and corporate support projects and provides tax audit deferral benefits for local taxes.


Yeom Tae-young, Deputy Governor for Economy of Gyeonggi-do, expressed gratitude to the companies that proactively participated in the Gyeonggi-do type payment linkage system before the law was enacted, stating, "Gyeonggi-do will do its best to ensure that the payment linkage system is successfully established by fostering cooperation between large and small-medium enterprises."


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