DASCO (pictured), a heat exchanger specialist company in Busan, was designated as a ‘leading company in the ultra-metropolitan area’ representing Busan.
The Ministry of SMEs and Startups announced on the 10th that it has selected 10 leading companies in the metropolitan area that will lead the industrial ecosystem in key regional industries.
Ultra-metropolitan leading companies refer to local small and medium-sized enterprises that have high innovation, growth potential, and contribution to the local economy in key regional industries, and that form a supply chain beyond city and provincial boundaries and play a key role within it.
In November 2022, the Ministry of SMEs and Startups selected 14 non-metropolitan cities and provinces and 100 ‘regional innovation leading companies’ that have a significant impact on local industries and economies, including employment and exports, and have innovation capabilities and growth potential. The leading companies in the ultra-metropolitan region selected companies with excellent collaboration capabilities, such as technical cooperation, production, and sales, with companies in other regions among the leading companies in regional innovation.
The Ministry of SMEs and Startups plans to provide up to KRW 200 million for three years to the selected leading companies in the metropolitan area for commercialization, including product improvement, securing sales channels, and consulting, and will also operate a technology guarantee program up to KRW 5 billion.
In addition, in collaboration with the Financial Services Commission, we will link and support policy financing programs worth KRW 200 billion in credit guarantees and KRW 500 billion in loans from industrial and industrial banks to representative regional small and medium-sized enterprises, such as leading regional innovation companies and leading companies in ultra-metropolitan areas.
Kim Woo-jung, Director of Regional Enterprise Policy at the Ministry of SMEs and Startups, said, “The Ministry of SMEs and Startups has worked with 14 cities and provinces outside the metropolitan area to reorganize regional key industries in February 2023, and in November 2023, the regional specialized project ‘Legend 50+’ will be launched. “We are actively working to foster local small and medium-sized businesses by promoting new ones,” he said. “We are providing intensive support to leading companies in the metropolitan area that will lead the growth of regional key industries at the ultra-metropolitan level, leading to regional innovation leading companies and leading companies in the metropolitan area.” “We will build a corporate growth model,” he said.
