First investment subsidies worth 130 billion won to small-scale companies in high-tech industries
This year, for the first time, we will provide investment subsidies to help advance the technology of cutting-edge industries such as semiconductors and establish a stable supply chain.
The Ministry of Trade, Industry and Energy announced on the 22nd that it will support KRW 130 billion, including KRW 70 billion in government funds, by announcing the investment support project for small and medium-sized enterprises in materials, parts and equipment for the national cutting-edge strategic industry on the 23rd.
This year, we will promote technological advancement and stable supply chain establishment in cutting-edge industries such as semiconductors that are linked to economic security through the newly established investment subsidy.
We will support 30-50% of domestic investment by small and medium-sized enterprises that produce supply chain stability items or strategic materials in the national cutting-edge strategic industry sector.
Considering the national budget support limit of 15 billion won per building and 20 billion won per company and the scale of investment by companies this year, it is expected that up to 30 companies will be supported.
With this support, it is expected that the competitiveness of cutting-edge industries will be strengthened and the supply chain will be stabilized as the dependence on overseas economic security items such as epitaxial deposition equipment, rare gases such as neon, and silicon wafers will decrease.
Unlike other subsidy projects, investment subsidies can be provided even when only facility investment is made without building a new or expanded building.
In addition, considering that a company’s facility investment is divided into ‘securing a location → building construction → equipment, etc. facility construction,’ we have made it possible to apply for subsidies by dividing the investments currently in progress into stages.
Companies seeking investment support funds can submit their investment plans by September 12th at the e-Nara Help website.
The Korea Institute for Advancement of Technology (KIAT), the project management organization, will review whether the investment plan is eligible for investment support funds and then conduct on-site inspections to confirm whether the investment plan is being implemented. The final support target will be decided by the National Advanced Strategy Industry Committee.
The Ministry of Trade, Industry and Energy plans to discuss investment support funds and additional support measures with the financial authorities to strengthen the competitiveness of Korean companies in the advanced industries and manage supply chain risks.
[Editor Lee]
