The Gyeonggi Provincial Government is launching the "Selectable Alternative Supply Chain Support Project," which allows companies to choose the support they need to stabilize their export supply chains.
This project has been prepared to strengthen the supply chain risk management capabilities of export-oriented small and medium-sized enterprises (SMEs) amid the rapidly changing global trade environment, including the spread of protectionism and the intensification of the US-China trade conflict. Gyeonggi Province will select 18 export SMEs in the province to receive support.
The selected companies will receive up to 2.5 million won per company to cover costs related to alternative supply chain research and conversion, including: ▲ KOTRA raw and subsidiary materials supply source research support ▲ overseas alternative supplier on-site research support ▲ overseas alternative supplier credit investigation support ▲ support for importing samples of alternative raw and subsidiary materials ▲ support for meeting domestic import requirements, performance tests, and certification acquisition ▲ and export company AEO accreditation costs.
Previously, the Gyeonggi FTA Center conducted manual training to help the selected companies carry out the project smoothly.
Park Kyungseo, Director of International Trade at the Gyeonggi Provincial Government, said, "Securing a stable supply chain is essential for the sustainable growth of SMEs in the face of increasing global supply chain uncertainty," adding, "Through tailored supply chain support programs that meet the specific needs of companies, we will actively help them respond proactively to supply chain risks and strengthen their competitiveness."
Meanwhile, the Gyeonggi FTA Center will hold a briefing session on establishing local subsidiaries in Indonesia on May 9 to further strengthen SMEs' capabilities to respond to global supply chain challenges.
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