Gyeonggi Province to Provide Consulting and Financial Support for Stock Market Listing of 16 Small and Medium-Sized Enterprises

[Suwon Ilbo=Park No-hun] Gyeonggi Province is launching the '2021 Excellence Small and Medium Business Stock Market Listing Support Project' targeting small and medium-sized enterprises in the province starting March this year and is recruiting companies for participation in the project.

According to the province on the 24th, this project provides expert consulting or stock listing promotion costs necessary for KOSDAQ and KONEX listings to establish a foundation for smooth investment activities and growth into a quality enterprise among excellent companies in the province, a project Gyeonggi Province has been implementing since 2019.

Eligible applicants are small and medium-sized enterprises in the province that wish to or are preparing for stock market listing, and can choose one of two support fields: 'consulting' or 'listing cost support.'

In the 'consulting' field, companies planning to list will receive support through a dedicated expert assigned by the province to assist with listing procedure and preparatory training, requirement verification, and strategy establishment to ensure smooth listing procedures.

Through the 'listing cost support' field, support will be provided to companies in the province that meet listing requirements, covering costs related to internal accounting systems and articles of incorporation refinement, listing review fees, technology evaluation costs, and underwriter fees up to a maximum of 20 million won.

Companies wishing to participate may submit applications online through April 30 via the Gyeonggi Small and Medium Business Support Project information platform 'EasyBiz' (www.egbiz.or.kr).

The province will convene an evaluation committee with expert participation to comprehensively evaluate sales scale and growth rate, debt-to-equity ratio, technology level, corporate determination, and support necessity, selecting a total of 16 companies for support: 10 companies in the consulting field and 6 companies in the listing cost support field.

Companies holding Gyeonggi Province Excellence Certification, women-owned enterprises, enterprises owned by persons with disabilities, and companies that participated in stock market listing consulting in 2019-2020 will receive evaluation bonus points.

Meanwhile, Gyeonggi Province supported 10 companies with consulting on stock market requirements and procedures and 6 companies with listing costs through the 'Excellence Small and Medium Business Stock Market Listing Support Project' last year, achieving results with 3 of these companies succeeding in stock market listings.

A provincial official stated, "This year, we plan to substantively implement the project with a goal of achieving listings for at least 4 companies," and added, "We hope for the keen interest and participation of small and medium-sized enterprises in the province seeking to grow into quality enterprises through stock market listing."

For more details, please refer to the announcements section on the Gyeonggi Province website (www.gg.go.kr) or the project announcement on EasyBiz (www.egbiz.or.kr), or inquire with the Gyeonggi Economic Science and Technology Promotion Agency (031-259-6112).