CHUNGCHEONGBUK-DO < invest Korea

According to Newsis,

Cheongju-si, Chungbuk announced on Nov. 8 that it is to select promising SMEs of high-growth potential and equipped with excellent technical skills.

Eligible for the selectionare SMEs that have run manufacturing or manufacturing-related service business over three years in the region.

Also, companies are required to meet conditions, such as annual net sales of KRW 1 billion or more and a low average debt ratio lower by sector.

If selected as a promising SME, it will receive benefits such as receiving the SMEs management stabilization fund for five years, a three-year suspension of local tax investigation and an opportunity to enter overseas markets.

Application is available from Dec. 1 to 12 at Cheongju Enterprise Investment Support Division(043-201-1425).


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Source: Newsis (Nov. 8, 2022)