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Ministry of Trade, Industry and Energy and KOTRA to Recruit Second Batch of Participating Companies for Export Voucher Program
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Summarized by durumis AI
- The Ministry of Trade, Industry and Energy and KOTRA will be holding the second round of recruitment for the 2024 Export Voucher program to strengthen the export competitiveness of small and medium-sized enterprises, and with an increased budget of 1.8 times compared to last year, it is expected to issue the largest number of vouchers ever.
- The companies selected in the first round of the program this year are using vouchers for participation in overseas exhibitions, obtaining certifications, etc., and the Ministry of Trade, Industry and Energy is expanding the scope of post-settlement to improve convenience for companies.
- The Ministry of Trade, Industry and Energy plans to hold an Export Voucher Plaza in the second half of the year for companies that are ultimately selected through the second recruitment for the Export Voucher program, providing companies with information about the Ministry of Trade, Industry and Energy's Export Voucher program.
Second round of recruitment for the export voucher program has begun for the first time since its launch, reflecting the voices of exporters.
Improving the convenience of using export vouchers and actively resolving export difficulties for companies.
The Ministry of Trade, Industry and Energy (Minister Ahn Duk-geun, hereinafter referred to as the Ministry of Trade, Industry and Energy) and KOTRA (President Yoo Jeong-yeol) will hold a second round of recruitment for participating companies for the 2024 Export Voucher Program (Industrial Global Outreach Capacity Enhancement Program) to strengthen the export competitiveness of small and medium-sized enterprises.
The export voucher program, which began in 2017, has been selected annually, but the second round of recruitment will be held for the first time since its launch, reflecting the voices of exporters who want to resolve the high competition rate and expand opportunities to participate.
The project, an export support project of the Ministry of Trade, Industry and Energy and KOTRA, targets small and medium-sized enterprises in the △materials, components and equipment △consumer goods △services △green sectors. Last year, 453 companies were supported with 16.9 billion won in government funds, and this year, the largest-ever voucher is expected to be issued with a budget increased 1.8 times from the previous year (31.1 billion won).
The export voucher program, which the government has been promoting since 2017, is a representative export support program that supports marketing services necessary for the entire export process, from 'export preparation' to 'overseas market entry'. Companies selected for the program can freely choose and use over 8,000 export support services from over 2,000 service providers (performing organizations) within the limit, such as △overseas marketing △overseas standards certification △international transportation △promotion and advertising. This year, over 700 companies selected in the first round of the program are actively utilizing vouchers for participation in overseas international exhibitions, obtaining major international certifications, etc., to accelerate the expansion of export horizons.
The Ministry of Trade, Industry and Energy is continuously expanding the 'post-settlement' area where external organization services can be used in addition to voucher-registered performing organizations to improve corporate convenience. Last year, the post-settlement service was limited to △exhibition, overseas sales and marketing △overseas standards certification △international transportation △promotion and advertising, but this year, it has been expanded to include the 'legal, tax and accounting consulting' area. In addition, it plans to further expand the scope of post-settlement to include the 'document handling and local registration' area within this year.
Meanwhile, an Export Voucher Plaza will be held in the second half of this year for the companies that are ultimately selected through the second round of recruitment for the Export Voucher Program. The event will provide companies with key information on the Ministry of Trade, Industry and Energy's Export Voucher Program through online 1:1 matching consultation sessions with service performing organizations and 1:1 export voucher utilization mentoring with dedicated expert consultants for each company.
Companies interested in the second round of recruitment for the Industrial Global Outreach Capacity Enhancement Program can check the recruitment announcement on the Ministry of Trade, Industry and Energy website (www.motie.go.kr) and the Export Voucher website (www.exportvoucher.com) and apply by next Friday, the 24th.
Jeon Chun-woo, KOTRA vice president and head of the Small and Medium Enterprise Headquarters, said, "Our export performance has been continuously on an upward momentum, reaching a 6-month consecutive plus in the first quarter of this year." We will actively support our SMEs' exports through the Export Voucher Program."
Website: http://www.kotra.or.kr
Contact
KOTRA
Public Relations Team
Lee Eun-hwa
02-3460-7025
