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Jeonbuk Launches Growth Ladder Program to Boost SMEs — 56 Companies Selected for 2025 Support

sigetronics 2025-05-31 浏览数 238
Jeonbuk Provincial Government

A total of 56 new companies have been selected to join the 2025 SME Growth Ladder Program, an initiative aimed at strengthening domestic demand and global competitiveness among small and medium-sized enterprises (SMEs) in the Jeonbuk region.

The selected companies were categorized into five growth stages based on their revenue and business capacity:

Emerging Enterprises (KRW 100 million–1 billion): 17 companies
Scaling Enterprises (KRW 1–5 billion): 15 companies
Leading Enterprises (KRW 5–150 billion): 15 companies
Innovative Enterprises (3-year average revenue over KRW 10 billion and annual exports over USD 500,000): 4 companies
Global Small Giants (annual exports over USD 5 million): 5 companies
Sigetronics, a semiconductor-specialized firm, was newly designated as one of the Global Small Giants this year.

Including this latest cohort, a total of 185 companies will receive KRW 10.45 billion in combined funding under the program.

Notably, this year’s program introduced a new Innovative Enterprises category to recognize companies with strong revenue and export track records—defined as firms with an average annual revenue over KRW 10 billion and exports exceeding USD 500,000.

Selected companies will receive tailored support for R&D, prototype development, marketing, and other business needs. All newly selected firms will also undergo mandatory ESG (Environmental, Social, and Governance) assessments and improvement programs to promote sustainable business practices.

The program aims to move beyond simple financial support and help Jeonbuk SMEs secure long-term growth engines and transform into leading mid-sized enterprises that drive the regional economy.

Kim In-tae, Director of Investment and Business Support at Jeonbuk Special Self-Governing Province, stated, “This growth ladder initiative will serve as a stepping stone for SMEs in the region to grow into global small giants and eventually into major players in the mid-sized business sector. We remain committed to identifying and supporting local companies that lead innovation and exports.”

MTN (Money Today Network), May 30, 2025
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