If you own a small or medium enterprise in Korea,
KOTRA can help you expand your business through the
Export Voucher Program!

• What is the Export Voucher Program?

     An “export voucher” is a term that many companies might not be familiar with. The word “voucher” may conjure up the image of food stamps, gift certificates or coupons. Likewise, vouchers are issued for companies to help them gain access to KOTRA’s Export Assistance Projects. In this context, these vouchers can be seen as a means of payment for public administration services.

  What makes it different from
  previous export assistance measures?

     In the past, once a company was selected as a participant in an export assistance project, the scope of the services it received was limited to a single project. Under the new program, however, all services listed on the website’s service menu are available for all participants regardless of the project it is engaged in. Participants can now easily compare a wide variety of services and effectively choose the one that best caters to them.

  How is the program operated?

     Companies who want to participate should submit their application within a month after the announcement is made.
     Selected participants then sign agreements with the operators and pay their contribution for each project to receive vouchers (e-money). Participants can sign up and log in to the export voucher website. The list of export assistance services available and the roster of service providers are shown on the project menu. The website works in a similar way to online shopping sites. Participants can choose a service they want and make a payment with vouchers. Service providers then receive the vouchers and offer services to participants.

• Who governs the Export Voucher Program?

     The Ministry of Trade, Industry and Energy (MOTIE) and the Ministry of SMEs and Startups (MSS) are in charge of the overall management of the program. The export assistance projects under the program are supervised by KOTRA and the Small and Medium Business Corporation (SBC), and operated by KOTRA, SBC, regional offices of the MSS and the Korea Institute for Advancement of Technology (KIAT).

  Who is eligible for the program?

     Companies selected as participants in one of the nine Export Assistance Projects (New-to-Export Assistance Project, World Champ Project, Project for Development of Leading Consumer Goods Exporters, Project for Independent Participation in Overseas Exhibitions, Export Success Package Project, Capacity Building Project for Fast-growing Exporters, China Highway Project, Global Hidden Champion Project, Overseas Marketing Project for Middle-standing Enterprises) are eligible. If a company is designated as a participant in a project, it can receive vouchers and select any of the services listed on the website.