Ministry of SMEs initiates global market entry program

[Source: The Ministry of SMEs and Startups]

South Korea’s Ministry of SMEs and Startups announced Monday that it is accepting applications from businesses to participate in this year’s Small Business Growth Support Program.

The application period runs from March 12 to April 12, providing an opportunity for eligible companies to join the program aimed at fostering the growth of small and medium-sized enterprises (SMEs).

The focus of this program is to support small businesses looking to expand their operations into global markets.

The initiative is designed to assist small business owners in collaborating with creators, startups, and those in different sectors, enabling the development of differentiated products and services. The goal is to empower these small businesses to evolve into entrepreneurial ventures.

The program, in particular, offers support for capable small businesses seeking to expand internationally and localize their products. This includes assistance in expanding and refining product portfolios, branding, and participation in international exhibitions.