Gyeonggi Province to Conduct Fact-Finding Survey on "Good Company Certification"

The Gyeonggi Provincial Government will conduct a fact-finding survey to comprehensively assess the policy outcomes of its "Gyeonggi Good Company" certification program, which marks its 10th anniversary this year, and to establish a performance management system.

The Gyeonggi Good Company certification program, launched in 2015, identifies and certifies small and medium-sized enterprises (SMEs) with at least three years of business history that have their headquarters or factories in the province and have realized social values such as regional development, social contribution, and ethical management.

The Gyeonggi Provincial Government presents certified companies with a certificate and a plaque, and grants additional points when they apply for SME support programs. In addition, various preferential benefits are offered, including incentives of up to 20 million won.

The program has consistently attracted strong interest from local companies, recording high competition each year. However, as the number of applications for re-certification has recently declined and the need for system improvements has been raised, the province has decided to proceed with this fact-finding survey.

Gyeonggi Provincial Government

This survey will comprehensively analyze the outcomes of the certification program over the past 10 years by comparing all 100-plus companies that have been certified since 2015 with a control group of about 300 non-certified SMEs of similar industry and size. It will also examine the reasons for the low re-certification application rate and the perceived value of the incentives. The survey will use structured questionnaires, in-depth interviews, and linked analysis of financial and management performance data.

Based on the results of the survey, the Gyeonggi Provincial Government plans to redefine its mid- to long-term policy direction, including improving the incentives of the Good Company certification system and enhancing the management system for companies with long-term certification.

Seo Bongja, Director of the Fair Economy Division at the Gyeonggi Provincial Government, said, "Through this fact-finding survey, we will look back on the past 10 years of the Good Company certification program and prepare support measures that companies can tangibly experience. Based on the survey results, we will work to increase the re-certification rate and strengthen the effectiveness of the system."

Previously, on July 8, the Gyeonggi Provincial Government held a kickoff briefing session to discuss the survey methods and implementation schedule. The survey will be conducted over the next five months, with questionnaires and in-depth interviews completed by September, followed by data verification and analysis, and the final results will be produced thereafter.

This content was produced with the assistance of AI translation services.