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SMEs and Local Industry Growth
BEPA
Promoting the fostering of Busan-style small and medium-sized enterprises by supporting innovative growth of major industries and SMEs in Busan
중소기업 혁신성장 지원 지원 배경
SMEs and Local Industry Growth
Promoting the fostering of Busan-style small and medium-sized enterprises by supporting innovative growth of major industries and SMEs in Busan
Support for management stability of SMEs
Support for management stability by supporting operating funds, fostering funds, and facility investment of SMEs
It is a table consisting of the size of support, interest rates, and conditions of support.
Size of support Interest rates and support conditions
operating funds 300 billion won

Purpose of funding: Supporting the interest rate of operating funds raised by companies

Support Type: Secondary Conservation

  • - Secondary reserve interest rate: 1.0 to 2.5% support
  • - Support limit: 400 million won (local companies: 500 million won)
  • - Redemption conditions: lump sum repayment through 3 years or 1 year installment repayment through 2 years's repayment of 2 years' worth

Fostering funds 300 billion won

Purpose of funding: Purpose of facility investment such as establishment of own factories and production facilities

Support Type: Secondary Conservation

  • - Loan interest rate: 3.3% (variable interest rate)
    ·Corporate burden interest rate: 2.5%
    ·Secondary reserve interest rate: 0.8% (1.1% of preferred companies)
  • - Support limit: 1.5 billion won (local companies: 2 billion won)
  • - Redemption conditions: 3-year installment repayment or 4-year installment repayment

Facility (borrowing) 100 billion won

Purpose of funding: Purpose of facility investment such as establishment of own factories and production facilities

  • - Corporate Burden Rate: 1.9%
  • - Support limit: 1.5 billion won (local companies: 2 billion won)
  • - Repayment conditions: 5-year installment repayment with 3-year grace period, 4-year installment repayment with 4-year grace period

Supporting SMEs to strengthen their domestic competitiveness
  • 01
    Promote excellent SME products in the region and support sales growth through online and offline promotion and diversification of sales channels
    Support for home shopping channels, support for exhibitions and fairs, holding special sales exhibitions, etc
  • 02
    Support for local SMEs' advancement into e-commerce, such as support for live commerce broadcasting and development of online-only products
Site-oriented industrial complex management and operation
  • 01
    Management of industrial complexes centered on industrial sites through operation of industrial complexes by regions such as Dongbusan, Seobusan, and Centum
  • 02
    Operation of the Industrial Complex Support System for the Management of Information on Industrial Complexes and Tenants
  • 03
    Support for environmental improvement so that workers in industrial complexes can work and live conveniently, such as the operation of free commuting buses and the operation of daycare centers for joint workplaces
  • 04
    Support for the expansion of solar power facilities by utilizing idle land in the industrial complex
Strengthening export competitiveness of SMEs
  • 01
    Provide user-centered services by establishing a one-stop export support system and online export support platform to increase exports of local SMEs
  • 02
    Strengthening export front and rear services through the acquisition of overseas certification for local enterprise products and support for securing intellectual property rights
  • 03
    Holding business consultations inviting overseas buyers, supporting participation in leading overseas exhibitions, and establishing a foundation for local companies to enter overseas markets by sending trade delegations to countries with high market entry attractiveness
  • 04
    With the growth of the global online B2C and B2B markets, the overall entry of overseas online platforms, which are essential export routes, is supported comprehensively to provide support services for local companies to develop overseas markets
Operation of overseas trade office
  • 01
    Entrustment operation of two overseas trade offices in Busan
    LA in the U.S., Osaka in Japan
  • 02
    Busan Economic Promotion Agency's Qingdao Branch in China